【正文】
the wellbeing of a bystander The standard of living depends on a country’s production ? 生產(chǎn)率是每一個(gè)工人每一小時(shí)生產(chǎn)的產(chǎn)品 ? 和服務(wù)。 ? Productivity is the amount of goods and services produced from each hour of a worker’s time. ? 高生產(chǎn)率 ?? 高生產(chǎn)水平 ? Higher productivity ?? Higher standard of living ,物價(jià)上升 Prices rise when the government prints too much money ? 通貨膨脹是經(jīng)濟(jì)中整體物價(jià)水平的上升。 ? Inflation is an increase in the overall level of ? prices in the economy. ? ?? 通貨膨脹的一個(gè)原因是貨幣發(fā)行量的增長(zhǎng)。 ? One cause of inflation is the growth in the quantity of money. ? ?? 當(dāng)政府發(fā)行大量貨幣時(shí),貨幣的價(jià)值就下降。 ? When the government creates large quantities of money, the value of the money falls. 10. 社會(huì)面臨通貨膨脹與失業(yè)之間的短期得失交換 Society faces a shortrun tradeoff between inflation and unemployment ? 菲利普斯曲線說(shuō)明通貨膨脹和失業(yè)之間的得失交換 ? The Phillips Curve illustrates the tradeoff between ? inflation and unemployment: ? ↓通貨膨脹 ?? ↑失業(yè) ? ↓Inflation ?? ↑Unemployment ? 這是短期的得失交換關(guān)系! ? It’s a shortrun tradeoff! ? 短期中決策者可以通過(guò)改變政府支出量、稅收量 ? 和發(fā)行的貨幣量來(lái)影響經(jīng)濟(jì)所經(jīng)歷的通脹與失 ? 業(yè)的組合。 ? By changing the amount that the government ? spends, the amount it taxes, and the amount of ? money it prints, policy makers can, in the short ? run, influence the bination of inflation and ? unemployment that the economy experiences