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ID:37275746
大小:64.72 KB
页数:35页
时间:2019-05-20
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1、1Onephaseofthebusinesscycleistheexpansionphase.Thisphaseisatwofoldone,includingrecoveryandprosperity,duringtherecoveryperiodthereisever-growingexpansionofexistingfacilities,andnewfacilitiesforproductionarecreated.Morebusinessesarecreatedandolderonesexpanded.
2、Improvementsofvariouskindsaremade.Thereisaneverincreasingoptimismaboutthefutureofeconomicgrowth.Muchcapitaisinvestedinmachineryor"heavy"industry.Morelaborisemployed.Morerawmaterialsarerequired.Asonepartoftheeconomydevelops.Otherpartsareaffected.Forexample.Ag
3、reatexpansioninautomobilesresultsinanexpansionofthesteel,agreatexpansioninautomobilesresultsinanexpansionofthesteel,glass,andrubberindustries.Roadsarerequired.Thusthecementandmachineryindustriesarestimulated.Demandforlaborandmaterialsresultsingreaterprosperi
4、tyforworkersandsuppliersofrawmaterials,includingfarmers.Thisincreasespurchasingpowerandthevolumeofgoodsboughtandsold.Thusprosperityisdiffusedamongthevariousportionsofthepopulation.Thisprosperityperiodmaycontinuetoriseandrisewithoutonapparentend.However.Atime
5、comeswhenthisphasereachesapeakandstopsspiralingupwards.Thisistheendoftheexpansionphase. 1.whichofthefollowstatementisthebestexampleoftheoptimismmentionedinline8ofthepassageasbeingpartoftheexpansionphase? (A)Pubicfundsaredesignatedfortheconstructionofnewhig
6、hwaysdesignatedtostimulatetourism. (B)Industrialfirmsallocatemoniesforthepurchaseofmachinetools. (C)Thepricesofagriculturalcommoditiesareincreasedattheproducerlevel (D)Fullemploymentisachievedatalllevelsoftheeconomy (E)Astechnologyadvance,innovativebusin
7、essesreplaceantiquatedfirms 2.itcanbeinferredfromthepassagethattheauthorbelievesthat (A)whenconsumerslosetheirconfidenceinthemarker,arecessionfollows (B)Cyclicalendstobusinessexpansionarenormal (C)Luxurygoodssuchasjewelryareunaffectedbyindustrialexpansio
8、n (D)Withsoundeconomicpolicies,prosperitycanbecomeafixedpattern (E)Thecreationofnewproductsisessentialforprosperity 3.whichofthefollowingstatementswouldbemostlikelytobegintheparagraphimmediat
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