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Economic theory fails to explain the extent to which

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Manager
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Joined: 21 Mar 2014
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Economic theory fails to explain the extent to which [#permalink]

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New post 03 Dec 2014, 20:42
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BOOKMARKED
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A
B
C
D
E

Difficulty:

  85% (hard)

Question Stats:

36% (00:52) correct 64% (00:58) wrong based on 350 sessions

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Economic theory fails to explain the extent to which savings from personal income has shifted to short term bonds, money-market funds, and other near term investments by the instability in the futures market.

1. to which savings from personal income has shifted
2. of savings from personal income that has been shifted
3. of savings from personal income shifting
4. to which savings from personal income have shifted
5. to which savings from personal income have been shifted

I feel the answer must be
[Reveal] Spoiler:
D
instead of
[Reveal] Spoiler:
E
since the purpose of the sentence is served by the present perfect tense and there's no need to use the perfect continuous tense?

Experts please comment.
[Reveal] Spoiler: OA

Kudos [?]: 91 [0], given: 101

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Director
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Re: Economic theory fails to explain the extent to which [#permalink]

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New post 03 Dec 2014, 21:32
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E seems best: to which savings from personal income have been shifted

D is wrong because D says: to which savings from personal income have shifted----------->seems to suggest that "saving" have themselves shifted. this is not possible . this is precisely the reason as why u need a passive construction as is used in option E

Kudos [?]: 282 [4], given: 61

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Re: Economic theory fails to explain the extent to which [#permalink]

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New post 03 Dec 2014, 21:35
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Yes, note the passive subject here: "by the instability in the futures market".
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EnterMBA

Kudos [?]: 81 [2], given: 4

Director
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Kudos [?]: 282 [0], given: 61

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Re: Economic theory fails to explain the extent to which [#permalink]

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New post 03 Dec 2014, 21:44
Quote:
Yes, note the passive subject here: "by the instability in the futures market".


in fact this later portion is wrong. "instability in the futures market" CANNOT shift the "saving" but yes the "shifting of savings" might be caused DUE TO "instability in the futures market"

Kudos [?]: 282 [0], given: 61

Manager
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Re: Economic theory fails to explain the extent to which [#permalink]

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New post 03 Dec 2014, 22:37
aditya8062 wrote:
Quote:
Yes, note the passive subject here: "by the instability in the futures market".


in fact this later portion is wrong. "instability in the futures market" CANNOT shift the "saving" but yes the "shifting of savings" might be caused DUE TO "instability in the futures market"



This question is from XAT 2013. Thanks for the inputs guys !

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GMAT 1: 610 Q48 V24
Re: Economic theory fails to explain the extent to which [#permalink]

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New post 19 Aug 2017, 01:30
raj44 wrote:
Economic theory fails to explain the extent to which savings from personal income has shifted to short term bonds, money-market funds, and other near term investments by the instability in the futures market.

1. to which savings from personal income has shifted
2. of savings from personal income that has been shifted
3. of savings from personal income shifting
4. to which savings from personal income have shifted
5. to which savings from personal income have been shifted

I feel the answer must be
[Reveal] Spoiler:
D
instead of
[Reveal] Spoiler:
E
since the purpose of the sentence is served by the present perfect tense and there's no need to use the perfect continuous tense?

Experts please comment.


The last part of the sentence "by the instability in the futures market" makes option E preferable over option D.
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Kudos [?]: 7 [0], given: 19

Re: Economic theory fails to explain the extent to which   [#permalink] 19 Aug 2017, 01:30
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Economic theory fails to explain the extent to which

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