7. Образуйте 3 формы от следующих глаголов:

refer, pay, withdraw, lose, rise, reach, lead, arise, absorb, fall, send

8. Составьте предложения, используя следующие слова:

1. are, ways, several, there, of, inflation, defining.

2. controls, deal, not, price, do, the, with, causes, of, inflation.

3. inflationary, they, because, exports, are, home, reduce, supplies.

4. steady, to, a, inflation, refers, increase, of, money, the, supply, in.

5. an, extreme, inflation, of, form, in, at, rate, prices, a, phenomenal, rise.

6. in, this, Germany, 1923, kind, experienced, inflation, of.

9. Заполните пропуски предлогами:

1. It seems best, however, to define inflation ... terms ... its basic symptoms-rising prices.

2. Inflation is a situation ... which the general price is persistently moving upwards.

3. Towards the end... 1923, paper money was losing half or more ... its value ... one hour.

4. ... conditions of hyperinflation people lose confi­ dence ... the currency's ability to carry ... its func­ tions.

5. This is creeping inflation where the general price level rises... at an annual rate ... 1 and 6 percent.

10. Поставьте вопросы к выделенным словам:

1. In some contexts inflation refers to a steady increase in the supply of money.

2. In an extreme form of inflation, prices rise at a phe­ nomenal rate.

1. Germany experienced this kind of inflation in 1923.

2. By the end of that year prices were one million times greater then their pre-war level.

3. Towards the end of 1923, wages were paid daily.

11. Заполните пропуски, используя в нужной форме глаголы, данные в скобках:

1. Other commodities, such as cigarettes,... (to use) as money.

2. So great... (to be) the logs of confidence in Hungary that the new currency had ... (to give) a new name.

3. Another type of inflation ... (to describe) as sup­ pressed inflation.

4. The effect on prices ... (to minimise) by the use of such devices as price controls and rationing.

5. The most common type of inflation is that ... (to experience) since the war in Britain.

6. The causes of inflation may ... (to classify) as demand-pull or cost-push.

7. Demand inflation may ... (to define) as a situation where aggregate demand persistently ... (to exceed) aggregate supply at current prices so that the prices ... (to pull) upwards.

8. This type of inflation ... (to associate) with conditions of full employment.

9. If there are unemployed resources available, an increase in demand can ... (to meet) by bringing these resources into employment.

10. If the total demand for goods and services continues ... (to increase), a full employment situation ... (to reach).

11. In order ... (to increase) the rate of capital accumu­ lation, resources will have ... (to transfer) from the production of consumer goods to the production of capital goods.

12. Even when the additional government spending ... (to finance) from the taxation the effect may still... (to be) inflationary.

12. Ответьте на следующие вопросы:

1. How can inflation be defined?

2. What is hyperinflation?

3. What happens under conditions of hyperinflation?

4. What is the only possible course of action when money becomes unacceptable as a medium of exchange?

5. What is suppressed inflation?

6. How can you characterise creeping inflation?

7. How are the causes of inflation usually classified?

8. How may demand inflation be defined?

9. What is demand inflation usually associated with?