Unit 6 Nature in words 外刊撷英-【优学精讲】2024-2025学年高中英语选择性必修第三册教用课件(外研版)

外刊撷英 外刊撷英 economists is more than an academic difference on the meaning of a popular term②. It reflects professional confusion③ as to the cause of the inflation problem. A review of some basic principles④ of economics that are applicable to money may shed light on⑤ the problem. 外刊撷英 外刊撷英 外刊撷英 As money is a medium of exchange, our demand for it may be influenced by considerations of facts and circumstances either on the goods side of the exchange or on the money side. Therefore, we may speak of goods­induced⑪ factors and money­-induced factors. 外刊撷英 There also are a number of factors that affect the demand for money. A growing population, for instance, with millions of maturing⑫ individuals eager to establish cash holdings⑬， generates new demand, which in turn⑭ tends to raise the purchasing power of money and to reduce goods prices. On the other hand, a declining population would generate the opposite effect. 外刊撷英 The most important determinant⑮ of purchasing power of money under this heading of “money-­induced factors” is the very attitude of the people toward money and their possession of certain cash holdings. They may decide for one reason or another to increase or reduce their holdings. An increase of cash holdings by many individuals tends to raise the exchange value of money, and reduction of cash holdings tends to lower it. 外刊撷英 In conclusion, as to the value of money, it may happen that the government may temporarily halt⑯ its inflation. Yet the thinking of people also plays a role. 外刊撷英 ①inflation n．通货膨胀 ②term n．术语 ③confusion n．困惑 ④principle n．原则 ⑤shed light on 使……更容易理解 ⑥facilitate v．促进 ⑦goods n．商品 外刊撷英 ⑧barter n．易货贸易 ⑨primitive adj.原始的 ⑩chieftain n．酋长 ⑪induce v．诱使；引起 ⑫mature v．成熟 ⑬holding n．持股 ⑭in turn反过来 ⑮determinant n．决定因素 ⑯halt v．暂停；中止　 外刊撷英 has been principles　 that/which　 as　 where called　 外刊撷英 growing determinant reduction temporarily 外刊撷英 1．economist n.　　 A．to affect sb./sth. very strongly 2．engulf v. B．a person who studies or writes about economics 3．marketable adj. C．to make sth. happen in a particular way 4．emerge v. D．to start to exist; to appear or become known 外刊撷英 5．medium n. E．easy to sell; attractive to customers or employers 6．determine v. F．something that is used for a particular purpose 答案：1～5.BAEDF　6.C 外刊撷英 What do you think of money? One possible version： Money is necessary but not the aim of our life. If used properly, money is a blessing. We can never put money above all things. And money can not only be spent on oneself. Instead, money is to be spent for the welfare of all human beings. 外刊撷英 The Value of Money Adapted from https：//fee.org/articles/the­value­of­money/ Most eq \a\vs4\al(economists) are in agreement that the inflation① in the United States during the past three years has been the worst since the early 1940's. But they cannot agree on the nature of the inflation that is eq \a\vs4\al(engulfing) the American economy. This disagreement among Money is a medium of exchange that facilitates⑥ trade in goods⑦ and services. Wherever people progressed beyond simple barter⑧， they began to use their most eq \a\vs4\al(marketable) goods as media of exchange. In primitive⑨ societies they used cattle, or measures of grain, salt, or fish. In early civilizations where the division of labor extended to larger areas, gold or silver eq \a\vs4\al(emerged) as the most marketable good and finally as the only eq \a\vs4\al(medium) of exchange, called money. It is obvious that the chieftains⑩， kings, and heads of state did not invent the use of money. The value of money in exchange is called its purchasing power. People seek money because it has purchasing power. The purchasing power of money is eq \a\vs4\al(determined) by the demand for and supply of money, like the prices of all other economic goods and services. The particular relation between this demand and supply determines its particular purchasing power. $