NandishSS wrote:
HI
GMATNinja,
mikemcgarry,
DmitryFarber,
MagooshExpert (Carolyn),
ccooley,
GMATGuruNY,
AjiteshArun EMPOWERgmatVerbal,
generis,
jennpt,
VeritasPrepErika,
MartyTargetTestPrepCan you please help me with the below question.
Quote:
They point out that in the 1980???s, many European countries and the United States conquered high (by these countries??? standards) inflation, but only by applying tight monetary and fiscal policies that sharply increased unemployment.
1. The passage suggests that the high inflation in the United States and many European countries in the 1980???s differed from inflation elsewhere in which of the following ways?
(A) It fit the rational expectations theory of inflation but not the inertia theory of inflation.
(B) It was possible to control without causing a recession.
(C) It was easier to control in those countries by applying tight monetary and fiscal policies than it would have been elsewhere.
(D) It was not caused by workers??? and employers??? expectations.
(E) It would not necessarily be considered high elsewhere.
Here is the most relevant sentence of the passage:
Quote:
In the 1980’s, many European countries and the United States conquered high (by these countries’ standards) inflation, but only by applying tight monetary and fiscal policies that sharply increased unemployment.
This tells us that "many European countries and the United States" applied certain policies and conquered high inflation in the 1980's. However, it doesn't suggest that these countries DIFFERED from other countries by applying these policies or beating high inflation. Perhaps many other countries also conquered high inflation -- there is nothing in the passage to suggest that the US/European countries were
unique in this way.
The only piece of the sentence that suggests a
difference between the US/European countries and other countries is the bit inside the parentheses -- "high
(by these countries' standards) inflation." Here, the author implies that what the US/European countries consider to be high inflation
differs from that classification in other countries. Because this is the only way that the author explicitly differentiates between the US/European countries and other countries, we are looking for an answer choice that focuses on this exact point.
Quote:
(E) [High inflation in the US/many European countries] would not necessarily be considered high elsewhere
(E) aligns nicely with our analysis -- the author suggests that what the US/European countries have different standards of what they consider to be high inflation.
(E) is the correct answer choice for question #1.
kanikab wrote:
Can someone please explain all the answer choices for Q2 - The passage suggests that the high inflation in the United States and many European countries in the 1980's differed from inflation elsewhere in which of the following ways?
That is actually question #1 (see above for an explanation). If you have specific questions about #2, let us know?
I hope that helps!
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