Самостоятельная работа По дисцеплине: Иностранный язык 2-Вариант Усманова А

МИНИСТЕРСТВО ВЫСШЕГО И СРЕДНЕГО СПЕЦИАЛЬНОГО ОБРАЗОВАНИЯ РЕСПУБЛИКИ УЗБЕКИСТАН
Ташкентский финансовый институт


Самостоятельная работа

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  По дисцеплине: Иностранный язык
  
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  2-Вариант
  

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  Выполнила: Усманова А.
  
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  4-курс гр.СММ-01
  
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  Проверила: Исламова Т.
  

SELF-STUDY 2
TASK 1 Reading
Give the definitions of phrases in the box. Complete the text about dealing with the business cycle with these phrases.
government debt labor market new borrowing
policy makers side-effects tax cuts
What can central bankers and government policy makers do? Can they prevent a contraction from turning into a recession? What tools are available to them? The following three are the most important:
Interest rate adjustments
The strongest and fastest tool in a weakening economy is the Central Banks' ability to cut interest rates.
For companies and individuals with existing bank loans, repayments are reduced; for others, new borrowing becomes less expensive. Most Central Banks drop rates by quarter-points or, at crucial times, half-points. Lowering rates still takes two or three quarters to benefit an economy, and it does also have unfortunate side-effects
The negative consequences are that it weakens a nation's currency, and that any growth it causes may be inflationary.
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. Tax cuts are another way of achieving the same effect. The problem arises when these measures lead to high levels of government debt. Eventually that debt will have to be repaid.