The Federal Reserve bond buyback program has buoyed Wall Street

Question

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.

pqhai · Accepted Answer

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 
  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.

KALLOLBHAUMIK · Answer

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..

AMITAGARWAL2 · Answer

I think answer should be E because D has subject verb error. It has Yet to translater is not verb.
Can somebody please explain..

lyon1411 · Answer

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.

pqhai · Answer

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.

thangvietname · Answer

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

etdenlinger · Answer

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?

BrajeshB · Answer

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...

sayantanc2k · Answer

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.

sayantanc2k · Answer

The comma before "and" is wrong because two verbs, has buoyed and (has) helped, - not two clauses - are joined.

neha1993 · Answer

What is worng with A then

Sub has x and y, but yet to translate

sayantanc2k · Answer

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) .

manhasnoname · Answer

... 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?

sayantanc2k · Answer

Both are alright:

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

Both are grammatically correct.

BillyZ · Answer

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)

PedroBodnar · Answer

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

arvind910619 · Answer

You can list objects, nouns, animals, and so on using and.
You can also list action using and talking, sleeping and eating

Per your question the comma before and is correct as it is acting as a conjunction between two clauses.
Hope it is clear

furkanicus · Answer

I'm not sure why E is wrong or not parallel. I picked E especially after the question here in which using the pronoun after the conjunction was why the answer I picked was wrong:
The reference question: https://gmatclub.com/forum/the-author-s ... 54183.html

vishalsinghvs08 · Answer

I seem to be missing on something very fundamental here. I selected A. Please see my reason below

We can say
I did A, but i did not do B
i did A, but not B. This sentence, i believe, can be interpreted as - i did A, but (i did) not (do) B.

If my logic above is correct, how is option A incorrect
The Federal Reserve .. has buoyed .., and helped .., but (Federal Reserve.. has) yet to translate into ...

DanTheGMATMan ,  KarishmaB . Please help. Thank you.

The Federal Reserve bond buyback program has buoyed Wall Street

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GMAT Sentence Correction (SC - EA only) Questions

The Federal Reserve bond buyback program has buoyed Wall Street

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615 to 715 in 15 Days (Ria's Strategies)

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