[考研类试卷]考研英语(阅读)模拟试卷122及答案与解析.doc
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1、考研英语(阅读)模拟试卷 122 及答案与解析Part ADirections: Read the following four texts. Answer the questions below each text by choosing A, B, C or D. (40 points)0 The financial crisis took its toll and Britain slid into a severe slump in 2008 and 2009, one big worry was that the economy would also slip into deflat
2、ion, exacerbating the difficulties of debt-laden households and firms. The scare was short-lived. Only a year since the recovery began, prices are surging rather than falling. Inflation, the scourge of Britains economy until the 1990s, seems to have returned.George Osborne has made many changes sinc
3、e he became chancellor of the exchequer last May but he has retained a central plank of economic policy: setting an inflation target and empowering the Bank of England to meet it. But the banks credibility is starting to be questioned as inflation keeps on exceeding the 2% target for consumer prices
4、. Since the middle of 2006, undershoots have become the exception, with inflation above 2% in all but a few months. Throughout 2010 it was at or above 3%, most recently moving up to 3.3% in November.The inflationary relapse is set to get worse in early 2011. The main rate of VAT, a consumption tax,
5、went up from 17.5% to 20% on January 4th. The rise is an essential part of Mr. Osbornes plans to plug the budget deficitbut an unwelcome side-effect is that it will add to inflation. Because the tax increase is permanent, it is likely to be passed through to prices in full, whereas only about half t
6、he rise was passed on a year ago when VAT returned to its previously normal level of 17.5%, after being lowered to 15% to fight the recession.There are other inflationary forces at work, too, as Asias rapid economic growth stokes up commodity prices. Most food escapes VAT, but that will not spare co
7、nsumers: global food prices have risen by 27% in the past year, according to The Economists commodity-price index. World oil prices have also jumped recently.That margin of spare capacity should persist this year since growth is likely to be lacklustre, not least because Mr. Osbornes austerity measu
8、res include harsh spending cuts and other tax rises starting in April, as well as this months VAT increase. Although the economy has recovered more briskly than once expected, growing by 2.7% in the year to the third quarter of 2010, that pace will abate. The OBR is forecasting especially low growth
9、 in the first half of this year, and for GDP to rise by just 2.1% in 2011 as a wholebelow its 2.4% estimate of the economys trend rate of growth.One worry is that inflation expectations have been rising. A household survey published by the Bank of England last month showed that people are expecting
10、inflation of 3.9% over the next year, up from the 3.4% rate they predicted last August. But while business conditions remain tough and unemployment high it is difficult to see these elevated expectations actually leading to higher wages growth. Regular pay, which excludes bonuses, has picked up a bi
11、t but the most recent rate of 2.3% is still subdued by historical standards.The Bank of England may have lost some credibility of late, but it has not lost the argument about spare capacity. As a fierce fiscal contraction gets under way, the current ultra-loose monetary stance remains reasonable. If
12、 the economy performs more strongly this year than expected, that should be the spur to start tightening, by raising the base rate from its all-time low of 0.5%.1 The first paragraph discusses that_.(A)British economy has enjoyed a major plunge 2 or 3 years ago(B) British economy has suffered from d
13、eflation in 2008 and 2009(C) Britain is seemingly having a relapse of inflation(D)thanks to the economic recovery, the prices tend to surge in British Isles2 According to the text, the inflationary factors of Britain EXCLUDE_.(A)Mr. Osbornes plan of cutting deficit(B) the increase of VAT(C) Asias ra
14、pid economic growth(D)rapid economic recovery3 The author argued in Paragraph 5 that “that margin of spare capacity should persist this year“ due to_.(A)Mr. Osbornes austerity measures(B) the publics rising worry over inflation(C) inflationary disruption(D)the economic recovery will be still healthy
15、4 On which of the following would the author most probably agree on?(A)George Osborne increases the rate of VAT merely to obtain more revenue.(B) The pace of British recovery will moderate to some extent.(C) The Bank of England has lost some credibility due to forecasting lapses.(D)The inflation rat
16、e in 2010 was above 3% in British Isles.5 Which of the following is the most proper title of the text?(A)George Osbornes New Policy(B) The Power House of British Economic Recovery(C) Inflation Should Be Tamed By Spare Capacity(D)Britains Inflationary Relapse A Test of Nerves5 The price of oil has ha
17、d an unnerving ability to blow up the world economy, and the Middle East has often provided the spark. The Arab oil embargo of 1973, the Iranian revolution in 1978-79 and Saddam Husseins invasion of Kuwait in 1990 are all painful reminders of how the regions combustible mix of geopolitics and geolog
18、y can wreak havoc. With protests cascading across Arabia, is the world in for another oil shock?There are good reasons to worry. The Middle East and North Africa produce more than one-third of the worlds oil. Libyas turmoil shows that a revolution can quickly disrupt oil supply. Even while Muammar Q
19、addafi hangs on with delusional determination and Western countries debate whether to enforce a no-fly zone, Libyas oil output has halved, as foreign workers flee and the country fragments. The spread of unrest across the region threatens wider disruption.The markets reaction has been surprisingly m
20、odest. The price of Brent crude jumped 15% as Libyas violence flared up, reaching $120 a barrel on February 24th. But the promise of more production from Saudi Arabia pushed the price down again. It was $116 on March 2nd20% higher than the beginning of the year, but well below the peaks of 2008. Mos
21、t economists are sanguine: global growth might slow by a few tenths of a percentage point, they reckon, but not enough to jeopardise the rich worlds recovery.That glosses over two big risks. First, a serious supply disruption, or even the fear of it, could send the oil price soaring. Second, dearer
22、oil could fuel inflationand that might prompt a monetary clampdown that throttles the recovery. A lot will depend on the skill of central bankers.So far, the shocks to supply have been tiny. Libyas turmoil has reduced global oil output by a mere 1%. In 1973 the figure was around 7.5%. Todays oil mar
23、ket also has plenty of buffers. Governments have stockpiles, which they didnt in 1973. Commercial oil stocks are more ample than they were when prices peaked in 2008. Saudi Arabia, the central bank of the oil market, technically has enough spare capacity to replace Libya, Algeria and a clutch of oth
24、er small producers. And the Saudis have made clear that they are willing to pump.Yet more disruption cannot be ruled out. The oil industry is extremely complex: getting the right sort of oil to the right place at the right time is crucial. And then there is Saudi Arabia itself. The kingdom has many
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