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The Federal Reserve bond buyback program has buoyed Wall Street

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The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post Updated on: 13 Jun 2018, 18:09
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A
B
C
D
E

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Question Stats:

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The Federal Reserve bond buyback program has buoyed Wall Street, and helped the stock market reach record highs, but yet to translate into consistent job growth across the country.

(A) and helped the stock market reach record highs, but yet to translate into consistent job growth across the country

(B) helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country

(C) helped the stock market reach record highs, and has not translated into consistent job growth across the country

(D) and helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country

(E) and helped the stock market reach record highs, but has not translated into consistent job growth across the country

https://www.nytimes.com/2013/05/03/business/economy/government-spending-cuts-contribute-to-slower-growth.html

As long as the unemployment rate remains above 6.5 percent, the Federal Reserve has vowed to keep buying tens of billions of dollars worth of bonds each month to help stimulate growth. That has buoyed Wall Street, and helped the stock market reach record highs, but it has yet to translate into the kind of job gains the Fed wants to see.

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Originally posted by ishanand on 18 Jul 2013, 11:32.
Last edited by hazelnut on 13 Jun 2018, 18:09, edited 5 times in total.
Renamed the topic and edited the question.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 19 Jul 2013, 01:28
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The Federal Reserve bond buyback program has buoyed Wall Street, and helped the stock market reach record highs, but yet to translate into consistent job growth across the country.

a. and helped the stock market reach record highs, but [auxiliary verb] yet to translate into consistent job growth across the country
Wrong. Need auxiliary verb. If we say "but yet", we cannot determine the tense.

b. helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
Wrong. Need "and" before "help the stock market". The correct syntax is "X and Y, but Z" in which X and Y are parallel.

c. helped the stock market reach record highs, and has not translated into consistent job growth across the country
Wrong. Same as B. We need "and".

d. and helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
Correct.
- The usage of "and" is correct.
- "has yet to translate" is correct grammar (even though it is used quite rarely). This syntax has negative meaning.
- "It" clearly refers to "the Fed program"

e. and helped the stock market reach record highs, but has not translated into consistent job growth across the country
Wrong. E has pronoun problem.
E says: The Fed program has buoyed X, and helped Y reach record highs, but has not translated into Z..... What has not been translated? The Fed Program or Y (the stock market). E may convey a different meaning: the Fed Program helped the stock market reach record highs, but has not translated the stock market into consistent job growth.... Thus, the meaning is quite ambiguous. We need "it" to refer "the Fed program".

Hope it helps.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 18 Jul 2013, 20:33
I think answer should be E because D has subject verb error. It has Yet to translater is not verb.
Can somebody please explain..
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 18 Jul 2013, 21:13
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The Federal Reserve bond buyback program has buoyed Wall Street, and helped the stock market reach record highs, but yet to translate into consistent job growth across the country.

let's check answer one by one:

a. and helped the stock market reach record highs, but yet to translate into consistent job growth across the country
b. helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
c. helped the stock market reach record highs, and has not translated into consistent job growth across the country
d. and helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
e. and helped the stock market reach record highs, but has not translated into consistent job growth across the country

going through sentence structure it's obvious we need 'and'..hence we have a/d/e..the mistake often we do is we tend to miss subject after BUT. the subject after verb is mandatory while we look for independent clause after BUT. hence the only option we are left with 'D'..my take is D..
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 18 Jul 2013, 21:26
AMITAGARWAL2 wrote:
I think answer should be E because D has subject verb error. It has Yet to translater is not verb.
Can somebody please explain..



I am not sure about the verb error but i removed E on parallelism :

(D) Subj has x and y, but it has yet to translate into consistent job growth across the country ---- correct

(E) Subj has x and y, but has not translated into consistent job growth across the country ---- not parallel also it changes the intended meaning of the sentence by saying it has not translated when the sentence means to say that the translation will happen in the future but has not yet happened.

Do correct me if i am wrong.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 19 Jul 2013, 01:34
lyon1411 wrote:
AMITAGARWAL2 wrote:
I think answer should be E because D has subject verb error. It has Yet to translater is not verb.
Can somebody please explain..



I am not sure about the verb error but i removed E on parallelism :

(D) Subj has x and y, but it has yet to translate into consistent job growth across the country ---- correct

(E) Subj has x and y, but has not translated into consistent job growth across the country ---- not parallel also it changes the intended meaning of the sentence by saying it has not translated when the sentence means to say that the translation will happen in the future but has not yet happened.

Do correct me if i am wrong.


Hi lyon1411

I believe the structure "has yet to translate" and "has not translated" have the same meaning. The problem with E is pronoun problem.

E say: the Fed program has buoyed X, and helped Y reach record highs, but has not translated into Z.
what has not been translated? E may convey the meaning: The Fed program helped Y reach record highs, but has not translated Y into Z. The intended meaning is the Fed program itself has not translated to the job growth yet.

However, in D, "it" refers clearly to "the Fed Program". The meaning is more clear than that of E.

Hope it helps.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 03 Sep 2015, 20:21
KALLOLBHAUMIK wrote:
The Federal Reserve bond buyback program has buoyed Wall Street, and helped the stock market reach record highs, but yet to translate into consistent job growth across the country.

let's check answer one by one:

a. and helped the stock market reach record highs, but yet to translate into consistent job growth across the country
b. helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
c. helped the stock market reach record highs, and has not translated into consistent job growth across the country
d. and helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
e. and helped the stock market reach record highs, but has not translated into consistent job growth across the country

going through sentence structure it's obvious we need 'and'..hence we have a/d/e..the mistake often we do is we tend to miss subject after BUT. the subject after verb is mandatory while we look for independent clause after BUT. hence the only option we are left with 'D'..my take is D..



can you explain more of this use of "but". pls, give me more examples . thank you
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 14 Sep 2015, 05:30
thangvietnam wrote:
KALLOLBHAUMIK wrote:
The Federal Reserve bond buyback program has buoyed Wall Street, and helped the stock market reach record highs, but yet to translate into consistent job growth across the country.

let's check answer one by one:

a. and helped the stock market reach record highs, but yet to translate into consistent job growth across the country
b. helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
c. helped the stock market reach record highs, and has not translated into consistent job growth across the country
d. and helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
e. and helped the stock market reach record highs, but has not translated into consistent job growth across the country

going through sentence structure it's obvious we need 'and'..hence we have a/d/e..the mistake often we do is we tend to miss subject after BUT. the subject after verb is mandatory while we look for independent clause after BUT. hence the only option we are left with 'D'..my take is D..



can you explain more of this use of "but". pls, give me more examples . thank you


The usage of "but" indicates a contrast. The Fed's bond buyback program has done x and y, but it has not done z.

We do not say "has done x, y, and not z."

As mentioned prior, the pronoun "it" is required because it is not clear what has "translated into consistent job growth across the country". Is it the Fed itself or the buyback?
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 26 Aug 2016, 08:01
Doesn't C suffer pronoun reference error. It can refer to stock market as well. Can you please help me understand, why it can only refer to Fed Prog.

As a rule, a pronoun refers to a noun and it does not have to be a subject for the pronoun to refer.

Need help...
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 26 Aug 2016, 11:41
BrajeshB wrote:
Doesn't C suffer pronoun reference error. It can refer to stock market as well. Can you please help me understand, why it can only refer to Fed Prog.

As a rule, a pronoun refers to a noun and it does not have to be a subject for the pronoun to refer.

Need help...


If a pronoun that is the subject of a clause has two possible antecedents, one of which is the subject of another clause within the sentence, the pronoun would, by virtue of parallelism, unambiguously refer to the subject antecedent.

The pronoun "it" is the subject of the second clause, and "program" is the subject of the first clause. Hence "it" refers to "program" unambiguously. Such usage is accepted in GMAT.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 26 Aug 2016, 11:46
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The comma before "and" is wrong because two verbs, has buoyed and (has) helped, - not two clauses - are joined.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 27 Aug 2016, 03:12
lyon1411 wrote:
AMITAGARWAL2 wrote:
I think answer should be E because D has subject verb error. It has Yet to translater is not verb.
Can somebody please explain..



I am not sure about the verb error but i removed E on parallelism :

(D) Subj has x and y, but it has yet to translate into consistent job growth across the country ---- correct

(E) Subj has x and y, but has not translated into consistent job growth across the country ---- not parallel also it changes the intended meaning of the sentence by saying it has not translated when the sentence means to say that the translation will happen in the future but has not yet happened.

Do correct me if i am wrong.



What is worng with A then

Sub has x and y, but yet to translate
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 27 Aug 2016, 06:34
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neha1993 wrote:
lyon1411 wrote:
AMITAGARWAL2 wrote:
I think answer should be E because D has subject verb error. It has Yet to translater is not verb.
Can somebody please explain..



I am not sure about the verb error but i removed E on parallelism :

(D) Subj has x and y, but it has yet to translate into consistent job growth across the country ---- correct

(E) Subj has x and y, but has not translated into consistent job growth across the country ---- not parallel also it changes the intended meaning of the sentence by saying it has not translated when the sentence means to say that the translation will happen in the future but has not yet happened.

Do correct me if i am wrong.



What is worng with A then

Sub has x and y, but yet to translate


A verb is required after "but" in order to maintain parallelism.

The program (subject) has buoyed (verb 1) and helped (verb 2) , but yet to translate (infinitive).
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 22 Sep 2016, 18:22
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... but is yet to translate ...

or

... but has yet to translate ... ?


Isn't the first one correct? "has yet" sounds awkward. Can someone help me understand how "has yet" construction is correct?
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 23 Sep 2016, 07:00
manhasnoname wrote:
... but is yet to translate ...

or

... but has yet to translate ... ?


Isn't the first one correct? "has yet" sounds awkward. Can someone help me understand how "has yet" construction is correct?


Both are alright:

X has to do something.
X is to do something.

Both are grammatically correct.
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 23 Mar 2017, 19:54
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ishanand wrote:
The Federal Reserve bond buyback program has buoyed Wall Street, and helped the stock market reach record highs, but yet to translate into consistent job growth across the country.

a. and helped the stock market reach record highs, but yet to translate into consistent job growth across the country
b. helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
c. helped the stock market reach record highs, and has not translated into consistent job growth across the country
d. and helped the stock market reach record highs, but it has yet to translate into consistent job growth across the country
e. and helped the stock market reach record highs, but has not translated into consistent job growth across the country


OFFICIAL SOLUTION



Difficulty Level: 650-700

Solution: D

Explanation: All of the incorrect answer choices in this problem violate parallelism by creating bungled series. In (A) and (E) you cannot say: the reserve has buoyed, and helped, but yet to translate or but has not translated. Because of the “and” after the first part, a new clause must be created to follow “but”. In (B) the series is “the program has buoyed, helped,…but it has” – this is incorrect as you cannot have the it in the last clause. In (C) the “and” at the end creates illogical meaning, as the last part contrasts what you learn in the first part of the series. Only (D) has proper sentence construction and conveys a logical meaning: the program has buoyed Wall Street, and helped the stock market, but it has yet to translate….” The comma before between “Wall Street” and “and” may seem unusual, but it is there to show that what follows is extra information relating to the first clause: the buyback has buoyed Wall Street, and (as a result) helped the stock market reach record highs, but it has yet to do this.

Answer is (D)
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Re: The Federal Reserve bond buyback program has buoyed Wall Street  [#permalink]

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New post 17 Oct 2018, 17:32
sayantanc2k wrote:
The comma before "and" is wrong because two verbs, has buoyed and (has) helped, - not two clauses - are joined.


Ok, I'm freaking out here. I also thought that a comma before "and", in this case, is incorrect.

As far as I know, I can only have a comma before "and" when listing more than one thing, for instance:

John bought apples, bananas and melons, and then went home.

Can you please explain to me why comma followed by "and" is acceptable in this case?

Thanks
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Re: The Federal Reserve bond buyback program has buoyed Wall Street   [#permalink] 17 Oct 2018, 17:32
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