After two decades of discredit, Keynes prescriptions for state intervention when free markets stum-ble have returned to dominate the national agenda. For example, any solution to the problem of federal budget deficits will probably involve raising tax revenues and also stimulating employment, the traditional Keynesian priority. Another of the economic blueprints calls for hiking income taxes while encouraging in-vestment through restored tax breaks for business. To offset higher taxes, neo-Keynesians revise the old remedy by lowering interest rates, spending less on public works and boosting productivity through the de-velopment and application of high technology. The urgent need, says Harvards Summers, is to bal-ance the federal budgets and create jobs.
Keynes also owes his comeback to an articulate group of young academics. Among the rising-star disciples are Harvard economist Jeffrey Sachs now knows as Father of the Shock Therapy, and MITs Alan Blinder, current economic advisor to President Bill Clinton. The traditional Keynesian reflex to re-duce unemployment merely by pumping up spending, says Alan Blinder, is gone forever. He aims at balancing the federal budget and raising investment primarily by increasing taxes. Sachs also argues that more than half of the deficit gap should be closed by tax increases. Both of them urge greater coordination among the G-7 on fiscal and monetary policy as the only way to head off a global recession.
36. What is the main subject of the topic?
B. The discredit of Keynesianism.
D. The retroboon of Keynesianism.
A. Slashing tax revenues.
C. Increasing taxes.
38. The word default as used in sentence 1, paragraph 2 is closest in meaning to________.
B. failure to pay debts
D. no competitors
A. Alan Blinder and Jeffrey Sachs
C. Jeffrey Sachs and Arthur Latter
40. According to the passage, what do the neo-Keynesians urge to prevent a world wide recession?
B. Dismantling tariff barriers.
D. Global investment credit for plant-and-equipment purchases
2015春北师大版英语七下Unit 1《Lesson 1 After School》ppt第1课时教学课件
北师大版英语七下《Unit 10 In the Past》(lesson38)ppt课件
北师大版英语七下《Unit 8 Seasons and Clothes》(Lesson 29)ppt课件(2)
北师大版英语七下《Unit 10 In the Past》ppt课件
北师大版英语七下《Lesson 2 A Dangerous Job》ppt课件
北师大版英语七下《Unit 8 Seasons and Clothes》(Lesson 29)ppt课件(3)
北师大版英语七下《Unit 8 Seasons and Clothes》(Lesson 31)ppt课件(1)
北师大版英语七下《Lesson 6 Going Out》ppt课件
北师大版英语七下《Unit 8 Seasons and Clothes》(Lesson 32)ppt课件(2)
北师大版英语七下《Unit 6 The Animal Kingdom》mp3听力原文
北师大版英语七下《Unit 2 On the Weekend》mp3听力原文
北师大版英语七下《Unit 11 Vacations》(Lesson 42)ppt课件
北师大版英语七下《Lesson 16 My Favourite Animal》ppt课件
北师大版英语七下《Unit 8 Seasons and Clothes》(Lesson 29)ppt课件(5)
北师大版英语七下《Lesson 7 Shopping for Food》ppt课件
北师大版英语七下《Unit 11 Vacations》(Lesson 44)ppt课件
北师大版英语七下《Unit 4 Seasons and Weather》mp3听力原文
北师大版英语七下《Unit 8 Seasons and Clothes》(Lesson 29)ppt课件(4)
北师大版英语七下《Unit 5 Now and Then》mp3听力原文
2015春北师大版英语七下Unit 1《Lesson 1 After School》ppt第2课时教学课件
北师大版英语七下《Unit 9 People》(Lesson 33)ppt课件
北师大版英语七下《Unit 11 Vacations》(Lesson 42)ppt课件(1)
北师大版英语七下《Lesson 9 Food for Sport》ppt课件
北师大版英语七下《Unit 9 People》ppt课件
北师大版七年级英语下学期 unit 20 sports
北师大版英语七下《Unit 1-5》ppt单元复习课件
北师大版英语七下《Unit 1 Daily Life》mp3听力原文
北师大版英语七下《Unit 7 Routines》(Lesson 25)ppt课件(2)
北师大版英语七下《Lesson 4 Helping at Home1》ppt课件
北师大版英语七下《Unit 12 China》(Lesson 47)ppt课件(1)