英语四级模拟训练题五附答案.docx
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英语四级模拟训练题五附答案
ModelTest5
PartIWriting
Directions:
Forthispart,youareallowed30minutestowriteacompositiononthetopic:
Livingonthecampusoroffthecampus?
Youshouldwriteatleast120wordsfollowingtheinstructionsgivenbelowinChinese:
国外很多大学生都选择在校外租房,但也有很多学生还是愿意住在校园内。
假设你是一个留学生,谈谈你的选择和原因。
PartIIReadingComprehension(SkimmingandScanning)
Directions:
Inthispart,youwillhave15minutestogooverthepassagequicklyandanswerthequestionsonAnswersheet1.
BearsintheWoods
Despitethetroubledmarkets,theworldeconomyisstillrelativelystrong.Justdon'tbetyourhouseonit.
Thewoodsandthemarket
Ifyoumeetabearinthewoods,trynottopanicorscream;onnoaccountshouldyouturnyourbackandrun.Asmarketsaroundtheworldhaveturnedgrizzlyoverthepasttwoweeks,someinvestorsseemtohaveforgottentheoldhikers'maxim.Afterthreeyearsofbiggains,manystockmarketshavedroppedby10%ormoreinlessthantendays.Theloudestcomplaintshaveechoedaroundemergingmarketsandcommodities.Europehassurrenderedmostofthisyear'sgains.Americanshavesofarescapedlightly,buttheywouldbeunwisetotakecomfort.Theirhousingmarket,therecentrockoftheireconomy,iswhereamuchgrizzliercreatureliesinwait.
Mostinvestorstendtolookfirstatequitymarkets---andtheyhavecertainlyhadagoodrunvirtuallyeverywhere.Yetarepeatoftheslumpaftertheburstingofthedotcombubblein2001--4)2remainshighlyunlikely.In2000shareswerewildlyovervalued.Todayprice/earningsratiosinmoststockmarketsarenear,ifnotbelow,theirlong-termaverages.Thissuggeststhattheslideinsharescouldbeshort-lived.
Inflationorinterestrates?
Sowhathascausedthisburstofvolatility?
Onepopularexplanationpointstothefearsofrisinginflationandhencehigherinterestrates.Yetthissitsoddlywiththedecreaseinbondyieldsandthegoldpriceoverthepastweek:
ifinflationwerethereason,youwouldexpectbothtohaverisen.Therealpuzzleisnotwhyvolatilityhassuddenlyincreased,butwhyithadbeensolowinthepastyearorso.Theanswerseemstobeanabundanceofcheapmoney,whichattractedinvestorsintosatisfaction.Nowtheyarestartingtodemandhigherreturnsonriskierassets.Emerging-marketequities,not(generallysafer)bonds,sufferedthebiggestlossinthepastweek.Itcouldbeahealthycorrection,though.
Whathelpedustoachievegrowthwithlowinflation?
Indeed,therecentsensitivityneednotharmtheworldeconomy,whichevenbearsadmithasperformedgreatly.WorldGDPhasgrownatanannualrateofmorethan4%for11consecutivequarters.Thisisthestrongestupturnformorethan30years.Yetglobalinflationremainshistoricallylow.Stronggrowthwithmildinflationisallthemoreamazinggiventhetriplingofoilpricessince2003.Pastoff-priceshockshavecausedstagflation.
Theworldhassofarshruggedoffhigheroilpriceswiththehelpoftwopowerfuleconomicforces.ThefirstistheopeningupandintegrationintotheworldeconomyofChina,Indiaandotheremergingeconomies,Thishasgiventhebiggestboosttoglobalsupplysincetheindustrialrevolution.
That,inmm,hasmagnifiedthesecondstimulus.Sincetheburstingofthedotcombubble,centralbankshavepumpedoutcheapmoney.In2003averageshort-terminterestratesintheG7economiesfelltotheirlowestinrecordedhistory.Becauseinflationremainedlow,thecentralbankshavebeenslowtomopuptheexcessliquidity.Cheapmoneyhasencouragedhouseholds,especiallyAmericanones,toborrowandspendlavishly.Itisnotjusthousepricesthathavesurgedahead;cheapmoneyhasencouragedinvestorsacrosstheworldtotakebiggerrisks,creatingseveralsmallerbubbles.Togetherthehugeboosttosupply(fromemergingeconomies)andthehugeboosttodemand(fromeasymoney)haveoffsettheburdenofhigheroilprices,creatingtheonce-impossiblecombinationofrobustgrowthandmodestinflation.
Don'tpanic
Theeraofcheapmoneyisnearinganend.Forthefirsttimein15years,thethreebigcentralbanksarenowalltighteningmonetarypolicy.TheEuropeanCentralBankhasalreadyfollowedtheFederalReserve'sleadinraisinginterestrates.Onlynowarethemarketsrealisingthatinterestratesmayrisebymorethantheyhadexpected.Inthelongterm,ratesshouldberoughlyequaltonominalGDPgrowth,butinAmericaandelsewheretheyarestillwellbelowit.OptimistsarguethatAmerica'seconomyiscopingwellwithrisinginterestrates,butitisn'treallyawareoftightmoneyyet.Withouteasycredit,dearoilwillcausemorepain.
Untilrecently,financialmarketsappearedtobebettingthattheGoldilockseconomy—neithertoohot,nortoocold—wassafefromthebears.Thetroubledmarketsareareminderthatsoonerorlatergrowthwillsloworinflationwillrise.Inflationisnotabouttospiralupwardsbutwithdiminishingsparecapacity,itcouldgraduallyrise.AmericahasanextrariskbecauseWallStreetsuspectsthatBenBernanke,theFed'snewchairman,maybeasofttouchoninflation.Ifthatsuspicionpersists,hewillneedtoraiseinterestratesbymorethanotherwise—orinvestorswilldothetighteningforhimbypushingupbondyields.Thatwouldmakeotherassetslookexpensive.
ItisintheAmericanhousingmarketthatthebearmaygrowlloudest.Byborrowingagainstthesurgingpricesoftheirhomes,Americanconsumershavebeenabletokeeponspending.Thehousingmarketisalreadycomingofftheboil.Ifpricesmerelyflatten,theeconomycouldslowsharplyasconsumerspendingandconstructionaresqueezed.Ifhousepricesfallasaresultofhigherbondyields,theAmericaneconomycouldevendipintorecession.LessspendingandmoresavingisjustwhatAmericaneedstoreduceitscurrent-accountdeficit,butforAmericanhouseholdsusedtoyearsofplentyitwillhurt.
Theconfidence
Fortheworld,itisbestthatAmericaslowstoday.Later,imbalanceswillloomevenlarger.Afewyearsago,Japanandtheeuro-areaeconomieswereflatontheirbacks.Nowtheyaregrowing"abovetrend",sotheworlddependslessonAmericathanitoncedid.TheboosttotheworldeconomyfromChinaandIndiawilllastintothefuture,evenallowingformishaps.Wiseinvestorsshouldresisttheurgetoflee,reducetheirholdingsofriskyassetsandstaredownthebear.
1.Asitistruethatpeopleshouldnotturntheirbackandrunwhencomingacrossabearinwoods,theyshouldremembernottodiverttheirmoneyawayfromthemarketwhenpossibleproblemsoccur.
2.Despitearecentdropofabout10%inmanystockmarkets,theworldeconomyisstillexperiencinggains.
3.Duringtherecenteconomicdownturn,SouthAmericancountrieshavealmostlostalltheirgainsinthepreviousyearsofrobustdevelopment.
4.Theauthordoesnotbelieveinflationcausestheslow-downbecauseitisbelievedthattheinterestratesshouldhaverisenifitisso.
5.Accordingtothepassage,recenttroublesdonotharmtheworldeconomybecausesomestatisticsshowthattheworldeconomyisperformingwell.
6.Theauthorthoughtitwasstrangetoseestronggrowthwithmildinflationbecausetheoilprice,whichwasareasoncausingstagflation,tripledin2003.
7.Americanfamiliesareencouragedbycheapmoneytoborrowandspendlavishly.
8.TheworldhassofarshruggedoffhigheroilpriceswiththehelptheopeningupandintegrationintotheworldeconomyofChina,Indiaand______.
9.Forthefirsttimein15years,thethreebigcentralbanksarenowall______.10.______andmoresavingisjustwhatAmericaneedstoreduceitscurrent-accountdeficit.PartⅢListeningComprehension
SectionA
Directions:
Attheendofeachconversation,oneormorequestionswillbeaskedaboutwhatwassaid.Boththeconversationandthequestionswillbespokenonlyonce.Aftereachquestiontherewillbeapause.Duringthepause,youmustrendthefourchoicesmarked[A]、[B]、[C]and[D],anddecidewhichisthebestanswer.ThenmarkthecorrespondingletteronAnswerSheet2withasinglelinethroughthecentre.
11.[A]Europeantradition.[B]Weightsandmeasurement.[C]Employment.[D]USpoliticalsystem.
12.[A]Smith's.[B]Brown's.[C]Susan's.[D]BobandBrown's.
13.[A]Notgettingwhathewants.[B]Acustomthatisnewtohim.
[C]Callingupcustomers.[D]Someofhisgoodfriends.
14.[A]Heseemstiredofdrivingfromhishometohiswork.[B]Hepreferswalkingtodriving.
[C]Heissatisfiedwithdrivingfromhishometowork.[D]Theroadisgoodbutthereisalotoftraffic.
15.[A]Inalibrary.[B]Inabookshop.[C]Inarestaurant.[D]Inadepartmentstore.
16.[A]Apostoffice.[B]Abookstore.[C]Adepartmentstore.[D]Adrugstore.
17.[A]Fatheranddaughter,[B]Teacherandstudent.[C]Doctorandpatient.[D]Bossandsecretary.
18.[A]50minutes.[B]45minutes.[C]15minutes.[D]35minutes.
Conversation1
19.[A]Ataxidriver.[B]Abusdriver.[C]Acollegestudent.[D]Adustman.
20.[A]Sheishavingaheartattack,[B]Shewashurtinanaccident.
[C]Sheishavingababy.[D]Sheissufferingfromastroke,
21.[A]Onthefreeway.[B]Inthetunnel.[C]InMcDonalds.[D]Downtownintraffic.
22.[A]Tohelpthewomanbreatheasier,[B]Tokeepthewomancalmandwarm.
[C]Toputsomethingsoftunderthewoman'shead.[D]Todrivethewomantothehospitalatonce.
Conversation2
23.[A]Extremestress.[B]Hairloss.[C]Declininghealth.[D]Unemployment.
24.[A]Oldfriends.[B]Brotherandsister.[C]Colleaguesfromwork.[D]Bossandemployee.
25.[A]It'sugly.[B]It'sexpensive.[C]Itdoesharmtotheskin.[D]Itmaydropoffhisheadanytime.
Se