While it’s _2_ whether stock or bond prices will go up or down in the short term, it’s possibleto foresee _3_ over periods of three years or longer, the academy said. “These findings,which might seem surprising and contradictory, were _4_ made and analyzed by this year’sprize winners,” the academy said.

　　Fama, 74, and Hansen, 60, are _5_ with the University of Chicago. Shiller, 67, is a professor atYale University. Starting in the 1960s, Fama and others showed how difficult it is to predictindividual stock prices in the short run. His findings _6_ the practice of investing, leading to theemergence of index funds. Two decades later, Shiller showed that there is morepredictability in the long run in stock and bond markets, while Hansen developed a _7_method to test theories of asset pricing. “These are three _8_ different kinds of people and thething that unites them all is asset pricing," says David Warsh, who tracks academiceconomists on his Economic Principals blog.

　　The economics award is not a Nobel Prize in the same sense as the medicine, chemistry,physics, literature and peace prizes, which were _9_ by Swedish industrialist Alfred Nobel in1895. Sweden’s central bank added the economics prize in 1968 as a _10_ to Nobel.

　　A) unpredictable B) foundation C) supplementary D) utterly

　　E) fellowship F) movements G) illuminates H) memorial

　　I) inaugurated J) separately K) created L) statistical

　　M) associated N) cooperatively O) revolutionized

　　解題思路

　　1.[B]空格在the和of之間，應為名詞，且能與had laid搭配。名詞庫中foundation符合句意，指出三位經濟學家的研究為當前資產價格的判斷“奠定了基礎”，同時改變人們投資方式。

　　2.[A]空格作句子表語，可為名詞、分詞或形容詞。while提示前后分句語義存在轉折，后一分句說“有可能預測”，可知前一分句應該說無法預測，故選用unpredictable。

　　3.[F]空格作foresee的賓語，應為名詞。本句主要講短期股價升跌無法預測，而在較長時期內可以預測。填入空格的詞應能表達go up or down的意思，故選用movements“動向”。

　　4.[J]空格應填人副詞，修飾動詞made。由下文可知，這幾位經濟學家不存在合作關系，他們是獨立做研究的，因此選 separately。

　　5.[M]空格前的are表明此處應填入名詞、分詞或形容詞。本段開頭兩句介紹了獲獎者的工作單位。associated符合句意，be associated with the University of Chicago 意為“來自芝加哥大學”。

　　6.[O]空格填入動詞的一般過去時，作句子謂語。該句子是講“他的研究……投資習慣，導致指數化證券投資基金出現”。revolutionized“使徹底變革;使完全不同”符合上下文語義,表明他對經濟學的貢獻。

　　7.[L]空格可能是名詞、形容詞或分詞，用于修飾method。句中提到，Hansen研究出用以檢驗資產價格理論的方法。由此推測，這種方法應該具備實用性和可操作性。statistical符合句意，statistical method意為“統計學方法”。

　　8.[D]句子主系表語齊全,空格應為副詞。根據句意“這是三位……不同的人，他們因資產定價走到了一起”，可推斷空格處應表達獲獎者在其他方面差異很大,utterly “完全”符合句意。

　　9.[K] were... by提示空格應填人動詞的過去分詞，構成被動語態。諾貝爾醫學、化學、物理等獎項，是由諾貝爾“創立”的.created符合句意。

　　10.[H] a提示空格應為單數名詞。該句子是講“經濟學獎在1968年由瑞典中央銀行設立，用以……諾貝爾”，memorial“紀念物”符合上下文語義。

　　On Saturday, Bexar County Digital Library—a $2.4 million, 4,000-square-foot space located onthe south side of San Antonio—opens to the public. The library, built with $1.9 million in countytax money and $500,000 in private _1_, is stocked with 10,000 e-books, 500 e-readers, 48computers, and 20 iPads and laptops. It has a children’s area, study rooms and a café. Most_2_，it will have no printed material.

　　This isn't the first time a public library has _3_ to go bookless. Considering our _4_ away

　　from print and toward all things digital, the idea of the bookless library no longer seems so _5_.Around the country, a number of public libraries have undergone _6_ transformations to caterto the needs of its visitors, often by moving and _7_ its book collections to make way for digitalspaces that can easily adapt to emerging technologies.

　　Chicago Public Library’s YOUmedia offers space for teens to create digital content like podcastsand video games. The District of Columbia Public Library system and the Columbus MetropolitanLibrary System in Ohio are renovating many of their locations to create all-digital areas andopen spaces for _8_ to work together. Arizona State University and the Scottsdale PublicLibrary system are even collaborating to attract small businesses and _9_ to work in librariesacross the state. In New York City, 40 of the 62 Queens Libraries have been renovated in partto increase space for jobseekers who don’t have access to a computer at home. They arefocused on programs and services like resume writing, job search tips and language classes.Public libraries now offer one program a day _10_ in the U.S.

　　A) scrutiny B) importantly C) patrons D) supplementing

　　E) innovative F) radical G) tentative H) attempted

　　I) enterpreneurs J) definitely K) donations L) consolidating

　　M) justified N) drift O) averagely

　　解題思路

　　1.[K]空格需填入名詞，作介詞in的賓語。此句說明建造圖書館資金的來源，從tax money和private可推斷資金來源包括政府和私人捐獻兩種渠道，故選用donations。

　　2.[B]空格獨立于主句之外，并由逗號與主句分隔開來，應為作狀語的副詞。根據空格前的most和have noprinted material(無印刷材料)可推知，此處進一步介紹數碼圖書館的特別之處，故選用importantly,體現出與前文 的遞進關系。

　　3.[H]空格位于the first time所后接的從句中，該從句缺少謂語動詞，助動詞has提示此處應填入動詞過去分詞。This指代上文提及的數碼圖書館，isn’t the first time表明這種模式之前已出現，根據句意此處應選用attempted，表示數碼圖書館不是公立圖書館采用無書模式的首次嘗試。

　　4.[N] our表明空格處應為名詞。由方位詞away from和toward推斷此處的名詞應表示一種“趨勢”名詞庫中的drift“趨勢”為本題答案。

　　5.[E]空格位于系動詞seems之后，應為表語，而副詞so提示此處應為形容詞。根據上文提到的This isn’t thefirst time和本句中的no longer可以推斷這種數碼圖書館“并不新奇”，故此處選用innovative最為適合。

　　6.[F]空格在transformations前面，應為修飾該名詞的定語，描述各地公共圖書館發生了怎樣的轉變。根據空格后提及的make way for digital spaces (為數碼區騰出空間)可推知，傳統圖書館的轉變很大，故選用radical“根本的”。

　　7..[L] and表明填入空格的詞與moving為并列關系，應為動詞的現在分詞形式。by moving... collections是圖書館為數碼區騰出空間的方式，故選用consolidating，意為圖書館通過“整合”藏書騰出更多空間。

　　8.[C]空格在介詞for和不定式to work together之間，應為名詞，構成for sb. to do sth.的結構，詞庫中的名詞patrons符合句意，此處指“讀者”。本句是對圖書館一般的描述，與“商業”、“生意”關系不大，故排除entrepreneurs。

　　9.[I] and表明空格應填入與businesses并列的名詞。圖書館除向“讀者”開放之外，甚至還主動招商(attractsmall businesses)。詞庫中 entrepreneurs 最符合此處語境。

　　10.[O]句子主謂賓結構完整，故空格應為副詞作狀語。本段描述各公共圖書館提供的數字化服務，最后一句對全段內容做了小結。averagely符合句意，表明美國的公共圖書館“平均”每天提供一項此類服務。