This problem is actually the same one at many-financial-experts-believe-that-policy-makers-t8474.html
but somehow I can't post reply there, so I start a new thread.
Many financial experts believe that policy makers at the Federal Reserve, now viewing the economy as balanced between moderate growth and low inflation, are almost certain to leave interest rates unchanged for the foreseeable future.
A. Reserve, now viewing the economy as balanced between moderate growth and low inflation, are
B. Reserve, now viewing the economy to be balanced between that of moderate growth and low inflation and are
C. Reserve who, now viewing the economy as balanced between moderate growth and low inflation, are
D. Reserve, who now view the economy to be balanced between that of moderate growth and low inflation, will be
E. Reserve, which now views the economy to be balanced between moderate growth and low inflation, is
I'm confused at the "that of" construction among the choises.
Ron said the "that" doesn't refer to anything, but when I first saw this problem, I even was very confirmed that there should be a "that" to refer to "economy", is it wrong? I think we should say the economy of slow infalation and the economy of moderate growth
Also I'm wondering ,in "that of A and that of B" construction, can the second "that of" omitted?
Thanks in advance!