[填空题]Many economists believe that in the last long run, the cure for the immense problems of poor countries _______________________________ (还是在于经济的快速发展).

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[单项选择]New classical economists believe expansionary fiscal policy has no affect on aggregate demand because:（）
A. fiscal policy does not influence monetary policy.
B. fiscal policy substitutes government demand for private sector demand.
C. consumers will decrease spending and increase savings in anticipation of higher taxes to repay government borrowing.

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[单项选择]{{B}}Text 2{{/B}}

Economists believe that investors are rational, and that stock prices are therefore unpredictable. It sounds peculiar, but the logic is ironclad.
Rational investors would take into account everything they know when buying or selling stock — all the information available about where profits, interest rates, technology and so on are going. So stock prices would reflect all available knowledge, and would change only when new information came in. And new information is, by definition, unpredictable, which means that changes in stock prices would be unpredictable, too. But investors, being human, are driven by fear, greed and the madness of crowds.
In principle this should create patterns in stock prices, and in principle you can use those patterns to outperform the market. But while it may be very hard to tell, whether the
A. investors are not always rational
B. stock price reflects all available knowledge
C. a rational investor should be good in prediction of the market
D. because new information is unprediction it is hard for investors to be rational

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[单项选择]{{B}}Test 2{{/B}}

Economists believe that investors are rational, and that stock prices are therefore unpredictable. It sounds peculiar, but the logic is ironclad.
Rational investors would take into account everything they know when buying or selling stock — all the information available about where profits, interest rates, technology and so on are going. So stock prices would reflect all available knowledge, and would change only when new information came in. And new information is, by definition, unpredictable, which means that changes in stock prices would be unpredictable, too. But investors, being human, are driven by fear, greed and the madness of crowds. In principle this should create patterns in stock prices, and in principle you can use those patterns to outperform the market. But while it may be very hard to tell whether the mar
A. investors are not always rational.
B. stock price reflects all available knowledge.
C. a rational investor should be good in prediction of the market.
D. because new information is unpredictable, it is hard for investors to be rational.

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[单项选择]Passage 3

In the long run a government will always encroach upon freedom to the extent to which it has the power to do so. This is almost a natural law of politics, since, whatever the intentions of the men who exercise political power, the sheer momentum of government leads to a constant pressure upon the liberties of the citizen. But in many countries society has responded by throwing up its own defenses in the shape of social classes or organized corporations which, enjoying economic power and popular support, have been able to set limits to the scope of action of the executive. Such, for example, in England was the origin of all our liberties--won from government by the stand first of the feudal nobility, then of churches and political parties, and latterly of trade unions, commercial organizations, and the societies for promoting various c
A. limited powers of monarchies
B. the ideal of liberal government
C. functions of trade unions
D. safeguards of individual liberty

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[单项选择]In the long run a government will always encroach upon freedom to the extent to which it has the power to do so. This is almost a natural law of politics, since, whatever the intentions of the men who exercise political power, the sheer momentum of government leads to a constant pressure upon the liberties of the citizen. But in many countries society has responded by throwing up its own defenses in the shape of social classes or organized corporations which, enjoying economic power and popular support, have been able to set limits to the scope of action of the executive. Such, for example, in England was the origin of all our liberties--won from government by the stand first of the feudal nobility, then of churches and political parties, and latterly of trade unions, commercial organizations, and the societies for promoting various causes. Even in European lands which were arbitrarily ruled, the powers of the monarchy, though absolute in theory, were in their exercise. checked in a si
A. limited powers of monarchies
B. the ideal of liberal government
C. functions of trade unions
D. safeguards of individual liberty

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