考研英语真题阅读理解试题及名师解析十三.docx

Could the bad old days of economic deates in its latest Economic Outlook that, if oil prices averaged $22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in rich economies by only -% of GDP. That is less than one-quarter of the income loss in 1974 or 1980. On the other
hand, oil-importing emerging economies — to which heavy industry has



shifted — have become more energy-intensive, and so could be more seriously squeezed 。
One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand. A sizable portion of the world is only just emerging from
economic decline. The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70% and in 1979 by almost 30%
31. The main reason for the latest rise of oil price is



[A]global inflation. [B]reduction in supply
[C]fast growth in economy. [D]Iraq's suspension of exports

。
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考研英语真题阅读理解试题及名师解析十三