America's economy is needlessly vulnerable, thanks to its addiction to oil (and light taxation of it).

美国经济并不那么容易崩溃，这要感谢它对石油的依赖(以及宽松的税率)。

youdao

America's economy is needlessly vulnerable, thanks to its addiction to oil (and light taxation of it). Yet inflation is extremely low and the economy has plenty of slack.

对石油的极度依赖(以及较低的石油消费税)，造成美国经济对油价的涨跌十分敏感。

youdao

Tax elasticity reflects the relationship between the taxation growth rate and the economy growth rate.

税收弹性是税收增长率与经济增长率的比例关系。

youdao

But whether he is really willing and able to lead the revolution in Italian public administration, taxation and labor relations needed to revive an economy that has barely grown above 1% for 20 years and that the European Commission forecasts will shrink by 1% this year is an open question.

WSJ: Post-Election Inaction Could Reawaken Crisis

Since World War II most countries have regarded monetary policy as a critical instrument (the other biggies being government spending and taxation) in regulating the economy.

FORBES: How It Went Wrong--And How to Make It Right

In June last year, the secretary of state for Scotland, Michael Moore, announced that the UK government was commencing a detailed programme of analysis on issues such as the constitution, the economy, public finances and taxation, defence, energy and welfare.

BBC: Scotland politics