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Read the text below in order to answer questions 15 to 18:
THE GOLDILOCKS SCENARIO CONTINUES
As the new Millennium gets under way, the US economy completes its ninth year of expansion. The Federal Reserve raised interest rates three times last year to temper the economy's expansion, which is the longest in US history. The benchmark lending rate was 5.5% at the start of the new year.
Analysts have been predicting that US interest rates would go up again when the Federal Open Market Committee meets. The economy's performance in the past calendar years (1996 to 1999) has surpassed all but the most optimistic predictions at the beginning of the period.
Growth of the economy has exceeded 4% in each of these years – with the exception of 1999 for which figures have yet to be announced, although 4% looks increasingly likely.
Few analysts thought the economy could sustain a growth performance like this without an increase in inflation. This situation has been dubbed the Goldilocks scenario.
According to analysts, the US interest rates
have been decreased by the Federal Open Market Committee
will decrease when the Federal Open Market Committee has met
would be reduced by the Federal Open Market Committee
have been predicted by the Federal Open Market Committee
would increase when the Federal Open Market Committee meets
Read the text below in order to answer questions 15 to 18:
THE GOLDILOCKS SCENARIO CONTINUES
As the new Millennium gets under way, the US economy completes its ninth year of expansion. The Federal Reserve raised interest rates three times last year to temper the economy's expansion, which is the longest in US history. The benchmark lending rate was 5.5% at the start of the new year.
Analysts have been predicting that US interest rates would go up again when the Federal Open Market Committee meets. The economy's performance in the past calendar years (1996 to 1999) has surpassed all but the most optimistic predictions at the beginning of the period.
Growth of the economy has exceeded 4% in each of these years – with the exception of 1999 for which figures have yet to be announced, although 4% looks increasingly likely.
Few analysts thought the economy could sustain a growth performance like this without an increase in inflation. This situation has been dubbed the Goldilocks scenario.
According to the text, the year of 1999is likely to be the only exception in this Goldilocks scenario
Read the text below in order to answer questions 19 to 22:
IMF COMPLETES BRAZIL FIFTH REVIEW
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review under the Stand-By credit for Brazil. As a result, Brazil will be able to draw, if needed, up to the equivalent of SDR 814.05 million ( about US$1,066 million ) from the IMF.
In commenting on the Executive Board's discussion of the review, Stanley Fischer, First Deputy Managing Director, made the following statement:
"Executive Directors commended the authorities for the performance of the Brazilian economy under the Government's program and noted with satisfaction that developments in the Brazilian economy since the completion of the fourth review at the end of November 1999 have been better than projected under the program, and that Brazil has continued to make progress in its macroeconomic adjustment and structural reforms. In particular, Directors noted that activity is recovering at a sustained pace, unemployment continues to decline gradually and inflation is decelerating in line with targets. They also welcomed the strong expansion in export in recent months".
According to this 5th review, Brazil will be able to
take out approximately US$ 1,066 million from the IMF
Read the text below in order to answer questions 19 to 22:
IMF COMPLETES BRAZIL FIFTH REVIEW
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review under the Stand-By credit for Brazil. As a result, Brazil will be able to draw, if needed, up to the equivalent of SDR 814.05 million ( about US$1,066 million ) from the IMF.
In commenting on the Executive Board's discussion of the review, Stanley Fischer, First Deputy Managing Director, made the following statement:
"Executive Directors commended the authorities for the performance of the Brazilian economy under the Government's program and noted with satisfaction that developments in the Brazilian economy since the completion of the fourth review at the end of November 1999 have been better than projected under the program, and that Brazil has continued to make progress in its macroeconomic adjustment and structural reforms. In particular, Directors noted that activity is recovering at a sustained pace, unemployment continues to decline gradually and inflation is decelerating in line with targets. They also welcomed the strong expansion in export in recent months".
Which aspect is not mentioned by the present review concerning the Brazilian economy?
Read the text below in order to answer questions 19 to 22:
IMF COMPLETES BRAZIL FIFTH REVIEW
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review under the Stand-By credit for Brazil. As a result, Brazil will be able to draw, if needed, up to the equivalent of SDR 814.05 million ( about US$1,066 million ) from the IMF.
In commenting on the Executive Board's discussion of the review, Stanley Fischer, First Deputy Managing Director, made the following statement:
"Executive Directors commended the authorities for the performance of the Brazilian economy under the Government's program and noted with satisfaction that developments in the Brazilian economy since the completion of the fourth review at the end of November 1999 have been better than projected under the program, and that Brazil has continued to make progress in its macroeconomic adjustment and structural reforms. In particular, Directors noted that activity is recovering at a sustained pace, unemployment continues to decline gradually and inflation is decelerating in line with targets. They also welcomed the strong expansion in export in recent months".
Concerning the Brazilian macroeconomic adjustment and structural reforms, progress
Read the text below in order to answer questions 14 to 16.
DOUBLETALK
For as long as Apple and Microsoft operating systems have lived together in the computing world, different solutions have been used to get the two platforms to communicate with each other. In this respect, two applications - Thursby Software's Dave and Miramar Systems' PC Maclan - have dominated the scene.
Nevertheless, Connectix – the makers of Virtual PC and Virtual Game Station – has now entered the fray with DoubleTalk.
DoubleTalk lets you integrate your Macintosh into a Windows network or a stand-alone PC without making any changes to the network itself. The only requirement on your part is that you connect your Mac to the PC via either a hub or crossover cable, and configure your Macintosh as part of an NT domain or workgroup.
When you install DoubleTalk, a set-up assistant runs automatically and guides you through the process of configuring the system properly. But if your plans are to connect to a company network, you will need some information provided by network administrators.
The main goal of the text is toRead the text below in order to answer questions 14 to 16.
DOUBLETALK
For as long as Apple and Microsoft operating systems have lived together in the computing world, different solutions have been used to get the two platforms to communicate with each other. In this respect, two applications - Thursby Software's Dave and Miramar Systems' PC Maclan - have dominated the scene.
Nevertheless, Connectix – the makers of Virtual PC and Virtual Game Station – has now entered the fray with DoubleTalk.
DoubleTalk lets you integrate your Macintosh into a Windows network or a stand-alone PC without making any changes to the network itself. The only requirement on your part is that you connect your Mac to the PC via either a hub or crossover cable, and configure your Macintosh as part of an NT domain or workgroup.
When you install DoubleTalk, a set-up assistant runs automatically and guides you through the process of configuring the system properly. But if your plans are to connect to a company network, you will need some information provided by network administrators.
According to the text, when you install DoubleTalk,
Read the text below in order to answer questions 14 to 16.
DOUBLETALK
For as long as Apple and Microsoft operating systems have lived together in the computing world, different solutions have been used to get the two platforms to communicate with each other. In this respect, two applications - Thursby Software's Dave and Miramar Systems' PC Maclan - have dominated the scene.
Nevertheless, Connectix – the makers of Virtual PC and Virtual Game Station – has now entered the fray with DoubleTalk.
DoubleTalk lets you integrate your Macintosh into a Windows network or a stand-alone PC without making any changes to the network itself. The only requirement on your part is that you connect your Mac to the PC via either a hub or crossover cable, and configure your Macintosh as part of an NT domain or workgroup.
When you install DoubleTalk, a set-up assistant runs automatically and guides you through the process of configuring the system properly. But if your plans are to connect to a company network, you will need some information provided by network administrators.
According to the author, Apple and Microsoft operating systems
According to text 1, the alternative that best describes professional excellence is:
Based on text 1, the alternative which best contains some of the characteristics required for achieving professional excellence is:
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