得背诵的考研阅读真题七
Economists have been particularly surprised by favorable inflation figures in Britain and the United States, since conventional measures suggest that both economies, and especially Americas, have little productive slack. Americas capacity utilization, for example, hit historically high levels earlier this year, and its jobless rate has fallen below most estimates of the natural rate of unemployment -- the rate below which inflation has taken off in the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective. Some economists argue that powerful structural changes in the world have upended the old economic models that were based upon the historical link between growth and inflation.
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