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
体坛英语资讯:Roy Makaay impressed with Lewandowski form
游少年宫
疫情期间,法国仍举行大型音乐节
Miranda Kerr’s Engaged 米兰达可儿订婚啦
一朵有魔法的小花儿
国内英语资讯:Chinese FM holds video conference with Iranian foreign minister
国内英语资讯:Chinese premier stresses stabilizing foreign trade, investment
国际英语资讯:Mongolias ruling party wins landslide victory in parliamentary elections
好消息
蚊子会传播新冠病毒吗?专家是这么说的……
国内英语资讯:China to further streamline procedures for opening of businesses, better regulate business-r
Sightseeing View 观光点
国际英语资讯:Ugandan party officials say Chinas people-centered philosophy key to development
国内英语资讯:Forum in commemoration of signing of UN Charter held online
湘江
My Travel Plan in Shanghai 上海之旅计划
国内英语资讯:Chinese lawmakers deliberate draft national security law for Hong Kong in group discussions
国际英语资讯:Commentary: G20 has vital leading role in moment of dual global crises
福奇:美国每天新增10万新冠确诊病例也不会惊讶 呼吁人们戴口罩
体坛英语资讯:Athletic Club legend Aduriz to retire with immediate effect
福奇:美国出现第二波新冠疫情?第一波还没结束呢
由于美国的种族主义风波,雀巢的冰激凌被迫改名字
国际英语资讯:Jordanian FM says to boost bilateral ties with Iraq
可爱的洋娃娃
忽然,我们都唱起歌儿
全国人大常委会通过香港特别行政区维护国家安全法
国际英语资讯:France holds delayed municipal elections, Macrons party faces challenge
国际英语资讯:Egypts FM, U.S. secretary of state discuss GERD, regional issues
The Advantages of Second Child 二胎的好处
我最喜欢的一个人
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |