题目内容:
根据以下材料,回答题Inflationhasjustexploded.Therealproblemisthatwehaveanunderlyingrateofinflation--animpetusofwageschasingprices-ofmaybe9percentthatisheadingtowards10percent.Therealsohavebeentremendousshocksinenergy,foodandhousingprices,makingitworse.
Bytheendoftheyear,wewillbeinasituationwhereyearin,yearout,wecanlookfoinvardtoatleast10percentinflation.Andthequestionwillbe:Howmuchworsewilloil,foodandhousingprices
makethat?
Thesituationhasdegeneratedtothepointthattheonlywaytoturnitaroundistothinkofsomeveryextremechangesinpolicy.Apolicyofgradualism,whereyou'retalkingaboutamildrecession
andanother1to2millionpeopleunemployed,won'tmakemuchdifference.Postponingactionjustmeansthatinflationpressesfurtherandisevenmoredifficulttodealwith.
Youhavetostartwithrevenueandmonetaryrestraint.Alltheburdennowisonmonetarypoli-cy.Weshouldshifttoamuchmorerestrictiverevenuepolicyandaneasiermonetarypolicy.tobesignificant,the1981budgetshouldbecutbyatleast20billiondollarsfrom616billion
PresidentCarterproposed.That'samajorcutingovernmentprograms--andveryhardtodo.It'simpossibleifyousavedefenseandalltheprogramsindexedforchangesinthecostofliving.
soitmeanscutsacrosstheboardineveryarea--includingtheindexedprograms,suchasso-cialSecurityandfoodstamps.Stateandlocal-governmentrevenue-sharingprogramsareanotherma-jorcandidate.You'vealsogottoreopenthe1980budgetandcutthat.
ThenIwouldfavorwageandpricecontrolstobreaktheimpetusofthewage-priceinteraction.Inordertogetquickresults,I'dsetthestandardaround5or6percentforbothwagesandprices.Basically,you'reaimingtocuttherateofinflationinhalfthefirstyear.Therewould
benoexceptions,butyouwouldfocusonlargecorporationsandmajorlaborsettlements.
Forthespecialsectorswherethebigshockshaveoccurred,controlswon'twork.Instead,youneedadditionalpoliciesineachoneofthoseareas.
Therearenocheaporeasysolutionstotheinflationproblem.Myansweristotakeallthethingsthateverybodywantstodo,andinsteadofchoosingamongthem,doallofthem.We'vegottothink
intermsofacomprehensiveprogram.
Intheauthor’sopinion.thehighinflationrateintheUSwasaccompaniedby A.energycrises.
B.mountingwages.
C.housingshortage.
D.shrinkingmarket.
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