Quot;привести" and "вызвать"

Write out the word-combinations with them and use these in your own sentences. Give synonyms to each word-combination you found in the text. What other words expressing the same meaning do you know?

II. Find English explanations or paraphrase

the economy is stretched; fiscal drag; state benefits; not index-linked wages;

selling essential items; borrowing funds; a bout of inflation; wage-price spiral; a school of thought

III. Make a written translation of the paragraph beginning with "Businesses may be hit by..." ("Falling sales").

IV. Draw the scheme to mentioned cases of the impact of inflation on businesses related in "Falling sales", "High interest rates" and "Higher costs". For example: saving rises-spending falls-sales fall.

V. Answer the questions

1. Give the definition of inflation. What can you add to it?

2. The extent and severity of inflation.

3. Types of inflation (short characteristics). Are there any others?

4. Demand-pull inflation. Name countries with this type of inflation.

5. Cost-push inflation. Name countries with this type of inflation.

6. The impact of inflation on business (in brief):

· accounting and financial problems;

· falling sales;

· high interest rates.

How can businesses influence the economic environment?

7. Do you believe in the advice to borrow heavily in a period of inflation? Give your reasons.

8. Can inflation be beneficial?

9. What other factors not mentioned in this unit can cause inflation?

10. What "cures" for inflation do you know and can suggest?

VI. Translate into English using all the active possible

1. В прошлом месяце уровень инфляции составил 1%, а в нынешнем он, возможно, по официальным данным составит 0%.

2. Данный взгляд на уровень инфляции не отражает официальной точки зрения.

3. В периоды острой инфляции льготы, которые обычно распростра­няются на определенные слои населения, значительно сокращаются.

4. Падение спроса на товары первой необходимости в связи с их ухудшившимся качеством привело к относительно мягкой инфляции в несколько процентов.

5. Низкий процент инфляции не считается слишком большой про­блемой для государства и даже может способствовать увеличению капи­таловложений.

MONEY AND BANKING (ДЕНЬГИ И БАНКОВСКОЕ ДЕЛО)