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Исламова услубий self-study 4course

TASK 5.2 Vocabulary
Ex. 1 According to the texts, are these statements true (T) or false (F).

  1. Fiscal policy consists of taxation and spending decisions, and is under the control of governments. Monetary policy consists of interest rate and other money supply decisions, and is under the control of central banks. T / F

  2. Government spending resulting from high taxes gives a stimulus to small businesses. T / F

  3. High taxes can give new opportunities for certain businesses (eg. in the defense or medical supplies sectors). T / F

  4. Raising interest rates is a way of stimulating the economy. T/F

Underline the correct words.

  1. Having an 'expansionary monetary policy' is the same thing as increasing / decreasing the amount of money in circulation, which will provide a stimulus to / cool the economy, which over the long term runs the risk of creating inflation / deflation.


Ex. 2 Now underline all the measures that can be taken - according to the text - if fighting inflation (ie slowing the economy) is the only consideration of policy. Give the translation of ready measures and make your own sentences.

  1. increasing I decreasing taxation

  2. increasing I decreasing interest rates

  3. increasing I decreasing the reserve requirements of banks

  4. increasing / decreasing the sale of bonds by the central



TASK 5.3 Grammar
Complete using the past perfect simple or past perfect continuous of the given verbs. You may need to use a negative form.
eat • stay • wait • know • write • see • listen • get • have • run

  1. By the time he died, Beethoven________________ nine symphonies.

  2. We chose the Hotel Rio because we there_____________ before.

  3. We______________ for over an hour when the train finally arrived.

4. I was completely out of breath because I____________
5. I______________ the film before, so I knew how it ended.
6. When he got married, I______________ Chris for about two years.
7. Johnson___________ ready for the race for six months and finally the big moment came.
8. Vivian___________ computer lessons for very long so she wasn't sure how to
use the Internet.
9. Holly_________________ oysters before, so she wasn't sure what to do with them.
10. I_________________ to my new CD for a few minutes when the CD player started
making a funny noise.



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