Chief Economist: Usually, the release of economic data about : GMAT Critical Reasoning (CR)
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Chief Economist: Usually, the release of economic data about

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05 May 2012, 21:52
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Chief Economist: Usually, the release of economic data about higher-than-expected
growth in the Gross Domestic Product (GDP) results in an increase in stock prices.

However, this quarter, the release of data about strong GDP growth is most likely to result in
a decrease rather than an increase in stock prices. Robust GDP growth will lead to higher
interest rates, increasing the attractiveness of bonds and causing a shift of capital from
equity to debt securities.
In the above argument, the statements in boldface play which of
the following roles?
A) The first acknowledges a consideration against the main conclusion of the chief economist;
the second is that conclusion.
b) The first is a pattern of cause and effect that the chief economist predicts will not hold in the
case at issue; the second offers a consideration in support of that prediction.
c) The first is a generalization that the chief economist accepts as true; the second is a
consequence that follows from that generalization.
d) The first is evidence that the chief economist provides in support of a certain prediction; the
second is that prediction.
e) The first is a pattern of cause and effect that the chief economist predicts will be repeated in
the case at issue; the second acknowledges a circumstance in which that pattern would not
hold.

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08 Aug 2016, 20:37
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09 Aug 2016, 04:51
B. The main point that the economist wants to make is that the causality mentioned in BF1 won't happen this time. The economist is using BF2 in order to support his claim that the causality won't be repeated.

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09 Aug 2016, 08:33
[quote="GetThisDone"]Chief Economist: Usually, the release of economic data about higher-than-expected
growth in the Gross Domestic Product (GDP) results in an increase in stock prices.

However, this quarter, the release of data about strong GDP growth is most likely to result in
a decrease rather than an increase in stock prices. Robust GDP growth will lead to higher
interest rates, increasing the attractiveness of bonds and causing a shift of capital from
equity to debt securities.
In the above argument, the statements in boldface play which of
the following roles?
A) The first acknowledges a consideration against the main conclusion of the chief economist;
the second is that conclusion.
b) The first is a pattern of cause and effect that the chief economist predicts will not hold in the
case at issue; the second offers a consideration in support of that prediction.
c) The first is a generalization that the chief economist accepts as true; the second is a
consequence that follows from that generalization.
d) The first is evidence that the chief economist provides in support of a certain prediction; the
second is that prediction.
e) The first is a pattern of cause and effect that the chief economist predicts will be repeated in
the case at issue; the second acknowledges a circumstance in which that pattern would not
hold.

Briefly:
Data about higher-than-expected growth results in an increase of GDP. BACKGROUND KNOWLEDGE THAT WORKS AS AN COUNTERCONCUSION
This happens because.. PREMISE THAT SUPPORTS THE CONCLUSION

The only optionn that matches the analysis is B
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07 Oct 2016, 07:03
What is meant by pattern of cause and effect in opt 2. I always get lost with this kind of options
Re: Chief Economist: Usually, the release of economic data about   [#permalink] 07 Oct 2016, 07:03
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