[单项选择]

Text 1

Inflation has just exploded. The real problem is that we have an underlying rate of inflation— an impetus of wages chasing prices—of maybe 9 percent that is heading towards 10 percent. There also have been tremendous shocks in energy, food and housing prices, making it worse.
By the end of the year, we will be in a situation where year in, year out, we can look forward to at least 10 percent inflation. And the question will be: How much worse will oil, food and housing prices make that
The situation has degenerated to the point that the only way to turn it around is to think of some very extreme changes in policy. A policy of gradualism, where you’re talking about a mild recession and another 1 to 2 million people unemployed, won’t make much difference. Postponing action just means that inflation presses further and is even more difficult to deal with.
You have to start with revenue and monetary restraint. All
A. energy crises
B. mounting wages
C. housing shortage
D. shrinking market

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