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Vocabulary Focus. Ex. 1. Study the meaning of the following easily confused words and do the exercises that follow.
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Ex. 1. Study the meaning of the following easily confused words and do the exercises that follow.
successive/successful
successive – последовательный;
successful – успешный.
Fill in the blanks with the proper word.
1. The inflation can be curbed only by a number of... reforms.
2. His... career was due to his tremendous efforts and aptitude.
3. The sales were profitable only because of the... marketing campaign.
4. The measures lead to … changes.
Ex. 2. Using a dictionary, add as many words as possible into the table and suggest some common word partnerships with them.
| Noun | Verb | Adjective/Adverb |
| persistently | ||
| purchasing | ||
| allowance | ||
| recipient | ||
| negotiate | ||
| reduce | ||
| anticipate | ||
| presumably | ||
| vary |
Ex. 3. Match the Russian word combinations in A with their English equivalents in B.
| A | B |
| 1) стабильность цен | a) an adverse effect |
| 2) неблагоприятный эффект | b) a price stability |
| 3) индекс потребительских цен | c) foreign exchange value of money |
| 4) реальная покупательская способность денег | d) a consumer price index |
| 5) инфляционные надбавки | e) inflation premiums |
| 6) резерв на покрытие убытков от чего-либо | f) an adverse effect |
| 7) предвидеть инфляцию | g) a general price level |
| 8) общий ценовой уровень | h) money real purchasing power |
| 9) стоимость обменного курса валют | i) to anticipate inflation |
| 10) неблагоприятный результат | j) an allowance for smth. |
Ex. 4. Match the words in A with their definitions in В.
| A | B |
| 1) inflation | a) the amount of money etc. asked or given for something |
| 2) deflation | b) amount of sth, esp. money allowed or given regularly |
| 3) disinflation | c) reaction or an instance of giving one thing or person of the same type or of equal value in return for another |
| 4) hyperinflation | d) a person taking or receiving (something) with the understanding that he will return it |
| 5) exchange | e) person making a loan |
| 6) price | f) a rise in prices and wages caused by an increase in the money supply and demand for goods and resulting in a fall in the value of money |
| 7) boundary | g) a reward or prize, an amount paid in addition to the regular change |
| 8) premium | h) a limit or a border |
| 9) borrower | i) a situation in which very large and rapid price rises occur |
| 10) lender | j) a reduction in the rate of inflation. |
| 11) allowance | k) the reduction of the amount of money being used in a country, in order to lower prices or keep them steady |
| 12) base year | l) a year chosen as a reference point |
Ex. 5. Complete the sentences with the words given bellow.
1. An … form of inflation is known as hyperinflation.
2. The … between inflation and deflation is price stability.
3. The … level of prices is called the price level and is measured by a price index.
4. A common price index is called the … Price Index, or simply CPI.
5. Inflation reduces the money real … power.
6. If inflation is correctly anticipated, contracts can be negotiated to include “inflation …”.
7. It is often difficult to correctly anticipate a future … of inflation.
Words for references: boundary, consumer, extreme, average, purchasing, premiums, rate.