莲喇母透降贸多大号 高级商务英语阅读 Supplementary Exercises for Chapter 2 The New Economy 1. Questions on the text: 1.What is the difference between New Economy and old economy? 2.What are critical factors for a full economic recovery according to the text?Compare the author's view and the reality of American economy now. 3. This article tries to persuade readers to believe that a New Economy does exist.What tactics does the author use in the persuasion? Sentence blank filling: The idea that productivity was going to grow at a permanently lower rate had important implications for government policy.1)Since inflation results when the money supply rises faster than the production of goods and services,lower output per hour meant that the money supply needed to grow more slowly to prevent inflation. Computers and the Internet changed all that.They made it possible for companies to economize in many ways.Individuals,too,found the new technology time-saving and,therefore, productivity-increasing.People like me order all manner of products over the Internet,saving me the need to drive to the store.2)Perhaps the most dramatic impact of this is in the area of travel,where the Internet allows people to buy airline tickets and book hotel rooms at sometimes ridiculously low prices. Eventually,government policymakers came to believe that the New Economy had reversed the productivity decline.3)This allowed the Fed to run a looser monetary policy than it otherwise would have been able to.This fueled the stock market boom,which provided capital for myriad new technology companies,which in turn underpinned the New Economy and continued to raise productivity. 第1页共4页高级商务英语阅读 Supplementary Exercises for Chapter 2 The New Economy I. Questions on the text: 1. What is the difference between New Economy and old economy? 2. What are critical factors for a full economic recovery according to the text? Compare the author’s view and the reality of American economy now. 3. This article tries to persuade readers to believe that a New Economy does exist. What tactics does the author use in the persuasion? II. Sentence blank filling: The idea that productivity was going to grow at a permanently lower rate had important implications for government policy. 1) ______ Since inflation results when the money supply rises faster than the production of goods and services, lower output per hour meant that the money supply needed to grow more slowly to prevent inflation. Computers and the Internet changed all that. They made it possible for companies to economize in many ways. Individuals, too, found the new technology time-saving and, therefore, productivity-increasing. People like me order all manner of products over the Internet, saving me the need to drive to the store. 2) ______ Perhaps the most dramatic impact of this is in the area of travel, where the Internet allows people to buy airline tickets and book hotel rooms at sometimes ridiculously low prices. Eventually, government policymakers came to believe that the New Economy had reversed the productivity decline. 3) ______ This allowed the Fed to run a looser monetary policy than it otherwise would have been able to. This fueled the stock market boom, which provided capital for myriad new technology companies, which in turn underpinned the New Economy and continued to raise productivity. 第 1 页 共 4 页