I. Прочитайте та усно перекладіть з 1-3 абзаци. Перепишіть та письмово перекладіть1, 2 абзаци.

John Maynard Keynes, interventionist.

1. Keynes- Кейнс

2. fiscal- податкова

3. taxes- податки

4. expenditures- витрати

5.eventually- під кінець

I. John Maynard Keynes was one of the economists who had a great influence on U.S. economic policy. It was who advocated stabilizing the economy by the use of fiscal policy. That is, he thought that inflation could be best be slowed by increasing taxes and lowering government spending. If unemployment got too high, he proposed cutting taxes or increasing government expenditures. Such a strategy is known as Keynesian economics and was a guiding philosophy in the U.S. for decades.

II. Keynes’ father was a lecturer in economics at Cambridge University. John Maynard began his studies at Cambridge (math and philosophy) and was encouraged to go into economics. Eventually he became a lecturer at Cambridge. His most famous book was “General Theory of Employment, Interest and Money”.

It was published in 1936.

III. Until Keynes’ economics, American economic thinking was dominated by Adam Smith’s classical economics. Smith felt that economy would automatically function if there were minimal government intervention. The depression of 1930s changed this view and Keynesian economics took over.

II. Прочитайте текст ще раз та дайте письмові відповіді на наступні запитання:

1. What was John Maynard Keynes?

2. Was he advocated stabilizing the economy by the use of fiscal policy?

3. What strategy is known as Keynesian economics?

4. Where did John Maynard study and work?

5. What was the title of his most famous book?

III. Прочитайте наступні речення з тексту та дайте письмову відповідь: а) речення правдиве та б) речення неправдиве.

1. John Maynard Keynes was one of the economists who had a great influence on G. B. economic policy.

2. If unemployment got too low, he proposed cutting taxes.

3. Keynes’ father was a lecturer in economics at Cambridge University.

4. His most famous book was “General Theory of Unemployment, Debt and Investment”.

5. American economic thinking was dominated by Adam Smith’s classical economics.

IV. Перепишіть речення, визначіть в кожному з них часову форму та стан дієслова-присудка. Перекладіть речення на українську мову.

1. Two claims under this contract are being filing by our partner.

2. The term “new industrial country” is used for such country as South Korea.

3. The rate of exchange of Ukrainian currency was affected by complex international situation.

4. The mutual understanding and collaboration open up the extremely wide prospects for all states of the Earth.

5. You did not pay the initial installment.

V. Перепишіть наступні речення та перекладіть їх, звертаючи увагу на вживання модальних дієслів, підкресліть їх.

1. You look tired. You must go to bed.

2. It is urgent that he has to send the information at once.

3. You could take it easier than you did.

4. I demanded that he should apologize.

5. You haven't be ashamed.