Numerical answer
The four sentences below, when properly sequenced, form a coherent paragraph. Arrange them in the correct order.
1. Central banks have traditionally set a single policy interest rate, using it as a blunt instrument to cool or stimulate an entire national economy.
2. Regional economic conditions, however, often diverge sharply within a single country, with some areas overheating while others remain sluggish.
3. This has led some economists to propose regionally differentiated monetary tools, though such proposals face significant practical and political obstacles.
4. A single national rate can therefore be simultaneously too high for struggling regions and too low for booming ones.
1. Central banks have traditionally set a single policy interest rate, using it as a blunt instrument to cool or stimulate an entire national economy.
2. Regional economic conditions, however, often diverge sharply within a single country, with some areas overheating while others remain sluggish.
3. This has led some economists to propose regionally differentiated monetary tools, though such proposals face significant practical and political obstacles.
4. A single national rate can therefore be simultaneously too high for struggling regions and too low for booming ones.
Show answer and solution
Answer: 1243
Sentence 1 sets up the traditional single-rate approach. Sentence 2 introduces the complication (regional divergence). Sentence 4 draws the direct consequence ('therefore') of that divergence for a single rate. Sentence 3 then introduces the proposed solution and its obstacles, forming a logical close. Order: 1-2-4-3.
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