2013年GMAT考试阅读理解模拟试题(2)
<p> <span word="Conventional">Conventional</span> <span word="wisdom">wisdom</span> <span word="has">has</span> <span word="it">it</span> <span word="that">that</span> <span word="large">large</span> <span word="deficits">deficits</span> <span word="in">in</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="budget">budget</span> <span word="cause">cause</span> <span word="interest">interest</span> <span word="rates">rates</span> <span word="to">to</span> <span word="rise">rise</span>. <span word="Two">Two</span> <span word="main">main</span> <span word="arguments">arguments</span> <span word="are">are</span> <span word="given">given</span> <span word="for">for</span> <span word="this">this</span> <span word="claim">claim</span>. <span word="According">According</span> <span word="to">to</span> <span word="the">the</span> <span word="first">first</span>, <span word="as">as</span> <span word="the">the</span> <span word="deficit">deficit</span> <span word="increases">increases</span>, <span word="the">the</span> <span word="government">government</span> <span word="will">will</span> <span word="borrow">borrow</span> <span word="more">more</span> <span word="to">to</span> <span word="make">make</span> <span word="up">up</span> <span word="for">for</span> <span word="the">the</span> <span word="ensuing">ensuing</span> <span word="shortage">shortage</span> <span word="of">of</span> <span word="funds">funds</span>. <span word="Consequently">Consequently</span>, <span word="it">it</span> <span word="is">is</span> <span word="argued">argued</span>, <span word="if">if</span> <span word="both">both</span> <span word="the">the</span> <span word="total">total</span> <span word="supply">supply</span> <span word="of">of</span> <span word="credit">credit</span> (<span word="money">money</span> <span word="available">available</span> <span word="for">for</span> <span word="borrowing">borrowing</span>) <span word="and">and</span> <span word="the">the</span> <span word="amount">amount</span> <span word="of">of</span> <span word="credit">credit</span> <span word="sought">sought</span> <span word="by">by</span> <span word="nongovernment">nongovernment</span> <span word="borrowers">borrowers</span> <span word="remain">remain</span> <span word="relatively">relatively</span> <span word="stable">stable</span>, <span word="as">as</span> <span word="is">is</span> <span word="often">often</span> <span word="supposed">supposed</span>, <span word="then">then</span> <span word="the">the</span> <span word="price">price</span> <span word="of">of</span> <span word="credit">credit</span> (<span word="the">the</span> <span word="interest">interest</span> <span word="rate">rate</span>) <span word="will">will</span> <span word="increase">increase</span>. <span word="That">That</span> <span word="this">this</span> <span word="is">is</span> <span word="so">so</span> <span word="is">is</span> <span word="suggested">suggested</span> <span word="by">by</span> <span word="the">the</span> <span word="basic">basic</span> <span word="economic">economic</span> <span word="principle">principle</span> <span word="that">that</span> <span word="if">if</span> <span word="supplies">supplies</span> <span word="of">of</span> <span word="a">a</span> <span word="commodity">commodity</span> (<span word="here">here</span>, <span word="credit">credit</span>) <span word="remain">remain</span> <span word="fixed">fixed</span> <span word="and">and</span> <span word="demand">demand</span> <span word="for">for</span> <span word="that">that</span> <span word="commodity">commodity</span> <span word="increases">increases</span>, <span word="its">its</span> <span word="price">price</span> <span word="will">will</span> <span word="also">also</span> <span word="increase">increase</span>. <span word="The">The</span> <span word="second">second</span> <span word="argument">argument</span> <span word="supposes">supposes</span> <span word="that">that</span> <span word="the">the</span> <span word="government">government</span> <span word="will">will</span> <span word="tend">tend</span> <span word="to">to</span> <span word="finance">finance</span> <span word="its">its</span> <span word="deficits">deficits</span> <span word="by">by</span> <span word="increasing">increasing</span> <span word="the">the</span> <span word="money">money</span> <span word="supply">supply</span> <span word="with">with</span> <span word="insufficient">insufficient</span> <span word="regard">regard</span> <span word="for">for</span> <span word="whether">whether</span> <span word="there">there</span> <span word="is">is</span> <span word="enough">enough</span> <span word="room">room</span> <span word="for">for</span> <span word="economic">economic</span> <span word="growth">growth</span> <span word="to">to</span> <span word="enable">enable</span> <span word="such">such</span> <span word="an">an</span> <span word="increase">increase</span> <span word="to">to</span> <span word="occur">occur</span> <span word="without">without</span> <span word="causing">causing</span> <span word="inflation">inflation</span>. <span word="It">It</span> <span word="is">is</span> <span word="then">then</span> <span word="argued">argued</span> <span word="that">that</span> <span word="financiers">financiers</span> <span word="will">will</span> <span word="expect">expect</span> <span word="the">the</span> <span word="deficit">deficit</span> <span word="to">to</span> <span word="cause">cause</span> <span word="inflation">inflation</span> <span word="and">and</span> <span word="will">will</span> <span word="raise">raise</span> <span word="interest">interest</span> <span word="rates">rates</span>, <span word="anticipating">anticipating</span> <span word="that">that</span> <span word="because">because</span> <span word="of">of</span> <span word="inflation">inflation</span> <span word="the">the</span> <span word="money">money</span> <span word="they">they</span> <span word="lend">lend</span> <span word="will">will</span> <span word="be">be</span> <span word="worth">worth</span> <span word="less">less</span> <span word="when">when</span> <span word="paid">paid</span> <span word="back">back</span>.</p><p> <span word="Unfortunately">Unfortunately</span> <span word="for">for</span> <span word="the">the</span> <span word="first">first</span> <span word="argument">argument</span>, <span word="it">it</span> <span word="is">is</span> <span word="unreasonable">unreasonable</span> <span word="to">to</span> <span word="assume">assume</span> <span word="that">that</span> <span word="nongovernment">nongovernment</span> <span word="borrowing">borrowing</span> <span word="and">and</span> <span word="the">the</span> <span word="supply">supply</span> <span word="of">of</span> <span word="credit">credit</span> <span word="will">will</span> <span word="remain">remain</span> <span word="relatively">relatively</span> <span word="stable">stable</span>. <span word="Nongovernment">Nongovernment</span> <span word="borrowing">borrowing</span> <span word="sometimes">sometimes</span> <span word="decreases">decreases</span>. <span word="When">When</span> <span word="it">it</span> <span word="does">does</span>, <span word="increased">increased</span> <span word="government">government</span> <span word="borrowing">borrowing</span> <span word="will">will</span> <span word="not">not</span> <span word="necessarily">necessarily</span> <span word="push">push</span> <span word="up">up</span> <span word="the">the</span> <span word="total">total</span> <span word="demand">demand</span> <span word="for">for</span> <span word="credit">credit</span>. <span word="Alternatively">Alternatively</span>, <span word="when">when</span> <span word="credit">credit</span> <span word="availability">availability</span> <span word="increases">increases</span>, <span word="for">for</span> <span word="example">example</span> <span word="through">through</span> <span word="greater">greater</span> <span word="foreign">foreign</span> <span word="lending">lending</span> <span word="to">to</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span>, <span word="then">then</span> <span word="interest">interest</span> <span word="rates">rates</span> <span word="need">need</span> <span word="not">not</span> <span word="rise">rise</span>, <span word="even">even</span> <span word="if">if</span> <span word="both">both</span> <span word="private">private</span> <span word="and">and</span> <span word="government">government</span> <span word="borrowing">borrowing</span> <span word="increase">increase</span>.</p>
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