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ies, and especially America's, have little productive slack. America's capacity utilization, for example, his historically high levels earlier this year, and its jobless rate (5.6% in August) has fallen bellow most estimates of the natural rate of unemployment ¡ª the rate below which inflation has taken off in the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective. Some economists argue that powerful structural changes in the world have up ended the old economic models that were based upon the historical link between growth and inflation.

From the passage we learn that _____.
A)there is a definite relationship between inflation and interest rates
B)economy will always follow certain models
C)the economic situation is better than expected
D)economists had foreseen the present economic situation

According to the passage, which of the following is TRUE?
A)Making monetary policies is comparable to driving a car
B)An extremely low jobless rate will lead to inflation
C)A high unemployment rate will result from inflation
D)Interest rates have an immediate effect on the economy

The sentence ¡°This is no flash in the pan¡± (Line 5, Paragraph 3) means that _____.
A)the low inflation rate will last for some time
B)the inflation rate will soon rise
C)the inflation will disappear quickly
D)there is no inflation at present

The passage shows that the author is _____ the present situation.
A)critical of
B)puzzled by
C)disappointed at
D)amazed at

¡¡

Part IV English Chinese Translation
Directions:Read the following passage carefully and then translate the underlined sentences into Chinese. Your translation must be written clearly on the ANSWER SHEET. (15 points).
Do animals have rights? This is how the question is usually put. It sounds like a useful, groundª²clearing way to start. 71) Actually, it isn't, because it assumes that there is an agreed account of human rights, which is something the world does not have.
On one view of rights, to be sure, it necessarily follows that animals have none. 72) Some philosophers argue that rights exist only within a social contract, as part of an exchange of duties and entitlements. Therefore, animals cannot have rights. The idea of punishing a tiger that kills somebody is absurd, for exactly the same reason, so is the idea that tigers have rights. However, this is only one account, and by no means an uncontested one. It denies rights not only to animals but also to some people ¡ª for instance to infants, the mentally incapable and future generations. In addition, it is unclear what force a contract can have for people who never consented to it, how do you reply to somebody who says ¡°I don't like this contract¡±?
The point is this: without agreement on the rights of people, arguing about the rights of animals is frui

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