| 单词 | cheap money |
| 释义 | cheap money The maintenance of low interest rates during a period of depression to encourage investment. This policy was followed in the UK during the 1930s and 1940s. It was not very successful in stimulating investment in the 1930s, except in housing. While cheap money may have been a necessary condition for recovery, it was not a sufficient one: it was described at the time as ‘trying to push on a string’. In the post-war period of widespread excess demand, cheap money merely worsened the problems which had to be tackled by rationing and price controls. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。