Хорижий тил Фанидан мустақил таълимни ташкил этиш бўйича

Economic stimulus
A national government can choose to spend money- usually money it must borrow - on all sorts of projects in order to stimulate the economy. This puts money back into people's pockets so that they can buy goods and services to boost the economy. ___________________________are another way of achieving the same effect. The problem arises when these measures lead to high levels of________________________ . Eventually that debt will have to be repaid.
Regulatory reforms
A country can implement reforms to the law in order to stimulate growth. These include measures to enhance competition, to liberalize the________________________, to make it easier to start a new business, etc.


TASK 2.2 Vocabulary
Underline the correct words in italics. Check any unknown words in a dictionary.

1. 
   The consumer discretionary sector of the economy starts to recover when interest rates are high / low, and just before the general economy picks up / turns down.
   
2. 
   Investors favour the consumer staples sector at the beginning / end of the growth cycle, just as the markets are picking up / turning down.
   
3. 
   If a government or company wants to borrow money, it can issue a bond / an obligation. Investors receive a fixed / variable rate of interest over a fixed period of time, and then get their original investment back at the end.
   
4. 
   A rise in interest rates makes borrowing cheaper / more expensive. This cools / stimulates the economy.
   
5. 
   Central Banks lower interest rates if they think the economy is likely to grow / contract, and will act aggressively if they think there is a danger of a boom / recession.
   
6. 
   Stock markets tend to anticipate / move in line with I react to changes in the real economy.
   
7. 
   Interest rates tend to bottom out before / after both the stock markets and the real economy.
   
8. 
   A rising market is called a bear / bull market. People who think that a particular market is going to rise in the future are described as being bullish / bull-like on that market.
   

TASK 2.3 Grammar