文档介绍：Unit 3
Making Economic Sense
解读经济

3 Learning objectives
1. In this unit students will learn words and expressions related to various economic
indicators.
2. Students will be able to use economic indicators to talk about economic situations.

Background reading

Notes:
1. suite 包厢
2. stands 看台
3. preside over 掌管,领导,管理
The city council is presided over by the mayor.
The present director has presided over a rapid decline in the firm’s profitability.
4. autograph 亲笔签名
5. the Fed the Federal Reserve System, 美国联邦储备体系,美联储,在美国,由
12 家地区联邦储备银行组成美国的中央银行权利机构,由位于华盛顿的强有
力的联邦储备董事会集中控制,现在已变得颇似一个政府部门。
6. step down 辞职,让位给别人
7. expire 结束,期满,终止
Our present lease on the flat expires next month.
When does your driving licence expire?
8. retreat 撤退,退却
He retreated from the public’s eye.
9. verdict 裁决,决定,意见
My wife’s verdict on my cooking was very favourable.
10. distill 吸取,提取
These are useful advice distilled from a lifetime’s experience.
11. liquidity 流动性,清偿能力
12. fare 进展,过日子
How did you fare while you were abroad?
13. Paul Volcker 1979-1987 期间任美联储主席,为治理严重的通货膨胀,他连续
三次提高官方利率,实施紧缩的货币政策。这一政策的结果是美国出现高达
两位数的官方利率和 20%的市场利率,短期实际利率(扣除通货膨胀后的实际
收益率)从 1954 年—1978 年间平均接近零的水平,上升到 1980 年—1984 年
间的 3%—5%。
14. cement 加强,巩固
cement a friendship
15. Mervyn King 英国央行(Bank of England)行长、通胀目标政策最早的倡导者
之一,他认为任何成功的货币政策框架,必须将通胀目标和对震荡的回应结
合起来。