The United States economy made progress in reducing unemployment and moderating inflation. On the international side, this year was much calmer than last. Nevertheless, continuing imbalances in the pattern of world trade contributed to intermittent strains in the foreign exchange markets. These strains intensified to crisis proportions, precipitating a further devaluation of the dollar.

The domestic economy expanded in a remarkably vigorous and steady fashion. The resurgence in consumer confidence was reflected in the higher proportion of incomes spent for goods and services and the marked increase in consumer willingness to take on installment debt. A parallel strengthening in business psychology was manifested in stepped-up rate of plant and equipment spending and a gradual pickup in outlays for inventory. Confidence in the economy was also reflected in the strength of the stock market and in the stability of the bond market. For the year as a whole, consumer and business sentiment benefited from rising public expectations that a resolution of the conflict in Vietnam was in prospect and that East-West tensions were easing.

The underpinnings of the business expansion were to be found in part in the stimulative monetary and fiscal policies that had been pursued. Moreover, the restoration of sounder liquidity positions and tighter management control of production efficiency had also helped lay the groundwork for a strong expansion. In addition, the economic policy moves made by the President had served to renew optimism on the business outlook while boosting hopes that inflation would be brought under more effective control.

Finally, of course, the economy was able to grow as vigorously as it did because sufficient flexibility existed in terms of idle men and machines.

The United States balance of payments deficit declined sharply. Nevertheless, by any other test, the deficit remained very large, and there was actually a substantial deterioration in our trade account to a sizable deficit, almost two thirds of which was with Japan. While the overall trade performance proved disappointing, there are still good reasons for expecting the delayed impact of devaluation to produce in time a significant strengthening in our trade picture. Given the size of the Japanese component of our trade measures undertaken by Japan. Also important will be our own efforts in the United States to fashion internal policies consistent with an improvement in our external balance.

The passage was most likely published in a

A．popular magazine.

B．general newspaper.

C．science journal.

D．financial journal.

The governments continuing failure to address our nations gut-wrenching unemployment stems from a fundamental disagreement over how jobs are created in the first place. We are now in the third year of policies predicated on the assumption that government spending creates jobs. We have been【M1】______ squandered three years and trillions of dollars of the nation s wealth on such policies, and they have not worked so they cannot【M2】______ work. Government cannot inject a single dollar into the economy if【M3】______ it has first taken that same dollar out of the economy. True, we can see the job that is saved or created when the government puts that dollar back into the economy. That we cant【M4】______ see clearly are the jobs that are destroyed or prevented from forming because government has first taken that dollar out of the economy. We see those millions of lost jobs in a chronic unemployment rate and a stagnating economy. Government can transfer jobs from the production sector to【M5】______ the government sector by taking money from one and giving it to the other. Thats the heart of the presidents plan to spend billions【M6】______ of dollars to hire more teachers and firefighters than police【M7】______ officers. But these temporal government jobs come at a steep【M8】______ price: every dollar spent on sustaining one of these jobs is a dollar【M9】______ taken from the same capital pool that would otherwise have been available to productive businesses to invest creating permanent【M10】______ jobs.

【M1】

According to the passage.there was a good deal of agreement between the expansionist and structuralist theories on_____.

A．how to reduce unemployment in the 1960s

B．how to reduce unemployment to 4 percent

C．what role the government played in reducing unemployment

D．how to eliminate structural deficiencies

By collecting unemployment ______ , laid-off workers can continue spending, keeping the overall economy from slumping further.

A．pension

B．compensation

C．supplement

D．commission

According to the author, how to deal with the medical insurance during unemployment?

A．You have to ask for payment from your ex-company.

B．You have to ask for payment from COBR

D．You have to pay by yourself better than nothing.

According to the passage, continuing unemployment may cause ______

A．a(chǎn)bsence of humor

B．lack of interest

C．waste of time

D．loss of appetite

According to the passage, continuing unemployment may cause ______.

A．a(chǎn)bsence of humor

B．lack of interest

C．waste of time

D．loss of appetite

聽力原文： The United States has begun to review Russian documents about the life and death of former President John F. Kennedy and expected to release them once the review is complete, the White House said on Monday. The documents which Russia gave the United States on Sunday could be a particular interest because Kennedy's assassin Lee Harvey Oswald lived in the former Soviet Union for several years before he returned to the United States and was arrested for killing the former President on November 22nd, 1963. Russian President Boris Yeltsin surprised US president Bill Clinton on Sunday when he turned over what was described as the results of an exhausted search of Russian government, military and private archives for papers about Kennedy and his assassination.

The Russian documents are expected to draw great attention because

A．they cover the whole story of the former US president.

B．the assassin used to live in the former Soviet Union.

C．they are the only official documents released about Kennedy.

D．they solved the mystery surrounding Kennedy's assassination.