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Critics of Federal Reserve argue that hyperinflation is evident

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Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post Updated on: 12 Jul 2019, 06:14
2
1
11
00:00
A
B
C
D
E

Difficulty:

  95% (hard)

Question Stats:

56% (01:56) correct 44% (02:05) wrong based on 224 sessions

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Critics of Federal Reserve argue that hyperinflation is evident because an increase in money supply by the Federal Reserve will lead to a devaluation of US dollars, making imports more expensive. The reality cannot be more different. The increased capital flow would actually enable US companies to export high value products such as cars, increasing the demand for US dollar and improving the purchasing power of the average American.

The two portions in boldface play which of the following roles in the argument?

A. The first is the prediction that the argument on the whole supports; the second is a fact that will be true.
B. The first is the position that the argument opposes; the second is the evidence provided to refute that position.
C. The first is an evidence used to oppose a position; the second is that position.
D. The first is the prediction that the argument on the whole opposes; the second is another prediction that the argument believes will come true.
E. The first is the position that the argument supports; the second is evidence cited to oppose that position.

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Originally posted by gmat1393 on 18 Mar 2019, 05:47.
Last edited by bb on 12 Jul 2019, 06:14, edited 1 time in total.
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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 20 Mar 2019, 01:41
Hi, can anyone explain why b is a correct answer? And how is the argument trying to oppose the position presented by the first highlighted text?
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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 20 Mar 2019, 14:49
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A. The first is the prediction that the argument on the whole supports; the second is a fact that will be true.
B. The first is the position that the argument opposes; the second is the evidence provided to refute that position.
C. The first is an evidence used to oppose a position; the second is that position.
D. The first is the prediction that the argument on the whole opposes; the second is another prediction that the argument believes will come true.
E. The first is the position that the argument supports; the second is evidence cited to oppose that position.

I'll try to explain what I thought.
I tried to identify the "Claim" and the "Evidence"

We need to see that "hyperinflation is evident" is a Claim, or a "position". It is NOT a prediction because of the word "argues".
Then A, and D are out => "prediction"

The Evidence is neither in the first bold part nor in the second. The Evidence is after the word "because".
Then C is out => Out of scope of the bold part

Then we can hesitate between B and E

BUT, in E, the arguments does not "Support" in the second part which is "cannot be more different". Thus, it opposes this point of view.
Then B is out => "Cannot be"

Hence, B seems more "logical".

Is this a clear way of reasoning ?
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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 20 Apr 2019, 11:26
gmat1393 - I don't think this is a safe question to have up, because answer B is not correct. In reality, none of the possible answers are correct. B says, "The first is the position that the argument opposes; the second is the evidence provided to refute that position."

There is no evidence contained in the bolded sentence, "The reality cannot be more different." This is more of a position or stance the author is taking against the first bolded section, but there is no evidence here.

Just some constructive feedback to consider, but happy to consider your argument on this as well.

aankit abhishek31
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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 21 Apr 2019, 02:42
Please explain the Answer to this question
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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 28 May 2019, 02:41
Quote:
Critics of Federal Reserve argue that hyperinflation is evident because an increase in money supply by the Federal Reserve will lead to a devaluation of US dollars, making imports more expensive. The reality cannot be more different. The increased capital flow would actually enable US companies to export high value products such as cars, increasing the demand for US dollar and improving the purchasing power of the average American.

The two portions in boldface play which of the following roles in the argument?

A. The first is the prediction that the argument on the whole supports; the second is a fact that will be true.
B. The first is the position that the argument opposes; the second is the evidence provided to refute that position.
C. The first is an evidence used to oppose a position; the second is that position.
D. The first is the prediction that the argument on the whole opposes; the second is another prediction that the argument believes will come true.
E. The first is the position that the argument supports; the second is evidence cited to oppose that position.


I believe the "right answer" should be B, but this seems like a flawed question as none of the answers are truly correct.

With Bold-faced questions, the most important thing to remember is that any statement in the argument MUST fit into one of four categories: premises that support the argument, premises that go against the argument, the main conclusion of the argument, any other conclusion that doesn't support the main one.

What the argument tells us is that the first statement is a conclusion (prediction, position, argument are all words that indicate a conclusion), and it goes against the main conclusion. Immediately, this eliminates A, C, E. The argument doesn't support this position, and 'evidence' is used to describe premises (are are data, findings, considerations).

The second statement is the main conclusion itself, since it says what the argument believes. However, both B and D don't match this. B says that this statement is a premise, and D, although it calls it a conclusion, makes it a prediction rather than something that is already happening.

On hard Bold-faced questions, the lines between premise and conclusion can get somewhat blurred, which is why i'd pick B if I were to see this on the test. However, I still do not believe this is a valid question.

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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 06 Jun 2019, 15:41
Kimber wrote:
gmat1393 - I don't think this is a safe question to have up, because answer B is not correct. In reality, none of the possible answers are correct. B says, "The first is the position that the argument opposes; the second is the evidence provided to refute that position."

There is no evidence contained in the bolded sentence, "The reality cannot be more different." This is more of a position or stance the author is taking against the first bolded section, but there is no evidence here.

Just some constructive feedback to consider, but happy to consider your argument on this as well.

aankit abhishek31


This is what I thought at first as well, but the second bolded part says "the reality cannot be more different". An evidence is always a fact, and the use of the word "reality" shows it to be a fact (evidence).
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Re: Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 12 Jul 2019, 05:16
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This is an e-GMAT Question, and the OA is (D). Just solved this one earlier today on e-GMAT.

gmat1393 Bunuel bb can you please correct the OA? Thanks.
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Re: Critics of Federal Reserve argue that hyperinflation is evident   [#permalink] 12 Jul 2019, 05:16
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