Mogłby ktoś sprawdzic jakie slowko najlepiej pasowaloby do ponizszych zdan?
1. Today, the Business Cycle Theory is used to explain the rutine behaviour of the annual growth or fall of GDP. The Gross Domestic Product is on five- to ten- year cycle of economical e........... (EXPANSION?)and recession.
2. The Monetary Theory explains the correlation and effects of money levels and interests r........... in the economy. This theory is most commonly exploited by politicians to secure their position in power.
3. To understand how The Monetary Theory can be applied with the help of the Business Cycle Theory, one must first understand the effects of m........... levels in the market.
4. A sudden increase of money in the market, for example by i........... (INITALLY?)government spending, causes the demand for money to drop and hence interest rates to fall.
5. Consumers feel richer and s..........(SPREAD?) more money.
6. In the short run it seems to be a good idea if the economy is in a slow growth cycle or r............. (REVENUE?).
7. In the middle run, customers' d...........(DIVERSIFY?) for foreign commodities increases and that for domestic goods relatively decreases, hence increasing imports.
8. The higher consumption causes the currency to rise in value, making domestic goods more expensive and therefore decreasing e........... .
9. In the long run, low interest rates cause domestic investments to fall. This entire cycle is not withoutcost: the inital unsuspected increase in consumption fools the companies into believing that demand for their product r..........(REIMBURSE?) and hence they increase production and prices.
10. When income remains steady and prices rise, we speak of i............ (INFLACTION?).
11. It is important that people in power understand these theories and are aware of the rational expectations of the c................(CHALLENGE?) .
12 A positive shock to the economy is useless, if consumers expect it and adjust their utility curves accordingly. Therefore politics are often used as a tool to disguise the implementation of an economic p............. (PROGRESS?) .
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