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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 18 Mar 2019, 05:47
2
1
8
00:00
A
B
C
D
E

Difficulty:

  95% (hard)

Question Stats:

22% (02:04) correct 78% (02:01) wrong based on 145 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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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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Critics of Federal Reserve argue that hyperinflation is evident  [#permalink]

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New post 20 Mar 2019, 14:49
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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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] 21 Apr 2019, 02:42
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Critics of Federal Reserve argue that hyperinflation is evident

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