During Japan’s bubble-economy years of fiscal 1983-1990, consumer spending grew at an annualized 5.5 percent in real terms. But during the Heisei recession of fiscal 1991 -2001, consumer- spending growth slowed to an annualized 1.0 percent. Most experts agree that the slowdown in consumer spending, which accounts for 20 percent of gross domestic expenditures, was mainly responsible for the recession.
So, what should be done to stimulate consumer spending World-renowned economist Paul Krugman argues that the public should be encouraged to expect inflation. His theory is based on psychology: Consumers tend to increase spending if they expect inflation, and cut spending if they anticipate deflation.
In my opinion, though, this psychology applies only to real estate. During the bubble economy, land prices in and around Japan’s six largest cities soared at an annualized 23.2 percent. In five years starting in fiscal 1985, land prices in the same area grew 2
A. recession of fiscal.
B. pessimistic expectation of fortune in the future.
C. more money spend on real estate.
D. some statistic error occurred.
During Japan’s bubble-economy years of fiscal 1983-1990, consumer spending grew at an annualized 5.5 percent in real terms. But during the Heisei recession of fiscal 1991 -2001, consumer- spending growth slowed to an annualized 1.0 percent. Most experts agree that the slowdown in consumer spending, which accounts for 20 percent of gross domestic expenditures, was mainly responsible for the recession.
So, what should be done to stimulate consumer spending World-renowned economist Paul Krugman argues that the public should be encouraged to expect inflation. His theory is based on psychology: Consumers tend to increase spending if they expect inflation, and cut spending if they anticipate deflation.
In my opinion, though, this psychology applies only to real estate. During the bubble economy, land prices in and around Japan’s six largest cities soared at an annualized 23.2 percent. In five years starting in fiscal 1985, land prices in the same area grew 2
A. The psychology method be used.
B. The assumption his theory include.
C. The classification of his theory.
D. The ambiguity in the his theory .
During recent years we have heard much about "race": how this race does certain things and that race believes certain things and so on. Yet, the (21) phenomenon of race consists of a few surface indications.
We judge race usually (22) the coloring of the skin: a white race, a brown race, a yellow race and a black race. But (23) you were to remove the skin you could not (24) anything about the race to which the individual belonged. There is (25) in physical structure, the brain or the internal organs to (26) a difference.
There are four types of blood. (27) types are found in every race, and no type is distinct to any race. Human brains are the (28) . No scientists could examine a brain and tell you the race to which the individual belonged. Brains will (29) in size, but this occurs within every race. (30) does size have anything to do with intelligence. The largest brain (31) ex
A. Provided
B. Concerning
C. Given
D. Following
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