| Federal Reserve Board Chairman Alan
Greenspan laid forth the intellectual basis for the likely continued aggressive
easing in monetary policy in the weeks ahead in his semi-annual monetary policy
report to Congress. The broader point in his prepared testimony is that the improved information and production controls evident in the new economy induce companies to respond more quickly and in tandem to changes in their business. Mistakes are still made as is evidenced by the unwanted buildup of inventories at the end of last year, but any mistakes are more aggressively addressed than in the past, as is evidenced by manufacturers’ recent slashing of production. Moreover, the increasingly dramatic shifts in economic activity are particularly hard on confidence. Consumers and businesses literally freeze up due to the heightened uncertainty, and run from any A. aggressive investment in stock markets. B. swift response of the chairman to recessions. C. wider latitude to ease monetary policy. D. better information and production controls. 我来回答: 提交
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