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Установите последовательность пропущенных в тексте слов. Did you ever have conversation with older a...: ответ на тест 1072662 - Английский язык

Установите последовательность пропущенных в тексте слов.
Did you ever have conversation with older adults that went something like: “When I was you age money could buy a lot more than it can these days …”
I guess that’s why they say “the good old days”.
In fact, the dollar was worth more “back in the good old days”, and 1_______ were a lot lower than they are today.
Economists use the terms purchasing power, or value, to describe the quantity and quality of goods and services we can buy with our 2_______. When prices increase, our money cannot buy as much. Its purchasing power declines. When prices fall, the opposite occurs. Or, to put it another way, when prices 3_______, the value of money falls; when prices fall, its value rises.
An extended period of rising prices is called inflation. One in which prices are falling is called deflation. The value of the dollar decreases during periods of inflation, and increases during 4_______ of deflation.
The purchasing power of the dollar has been shrinking during most of our century.
Варианты ответов
  • prices
  • money
  • rise
  • periods
Тип вопроса: Вопрос на последовательность
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Вопрос задал(а): Анонимный пользователь, 13 Ноябрь 2020 в 18:15
На вопрос ответил(а): Анастасия Степанова, 13 Ноябрь 2020 в 18:15

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Установите последовательность пропущенных в тексте слов.
Did you ever have conversation with older adults that went something like: “When I was you age money could buy a lot more than it can these days …”
I guess that’s why they say “the good old days”.
In fact, the dollar was worth more “back in the good old days”, and 1_______ were a lot lower than they are today.
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The purchasing power of the dollar has been shrinking during most of our century.
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Changes in the level of prices have very serious consequences. 1_______. When prices rise, their money can buy much less than before. All creditors also suffer, because when they gave the loan, money had a higher value, and at the time of repayment the value of money is reduced. 2_______. Rising price level has a good effect on trade and industries, because as prices rise, businessmen earn higher profits. All those whose income changes with prices are benefitted. 3_______. Falling price level, on the other hand, benefits the fix income group of people, creditors, and all those who have money saved, because when the prices fall, their money becomes more valuable. 4_______. It is also harmful to debtors, because they have to repay debts at a higher value of money.
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A situation in which there is “too much money chasing too few goods” is often described as demand-pull inflation. When demand increases faster than industry’s ability to satisfy that demand, prices will increase. During the Vietnam War, for example, government spending for military goods served to increase the purchasing power of many Americans since it was not accompanied by a tax increase. Meanwhile, factories that might have been producing consumer goods turned to the production of goods for use in the war. The result was an increase in the demand for goods and services at the very time that industry’s ability to satisfy that demand was being redirected. Since it was not possible to increase output to satisfy demand, prices rose.
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A period of rising prices due to an increase in the cost of production is called cost-push inflation. When, for example, labour unions win wage increases greater than the workers’ increases in productivity, management may choose to raise prices to maintain profits. With prices going up, other unions and workers might demand wage increases to keep up with the increased cost of living, and so on, and so on, in an inflationary spiral. Similarly, efforts by producers to increase profits by increasing prices rather than by reducing costs could also trigger an inflationary spiral.
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During periods of inflation the cost of living increases. Therefore it is necessary to earn more just to maintain your present living standard. How much of an increase is necessary? If the cost of living increased by 10 percent in 1991, a person with a $20,000-a-year income in 1990 would have to earn $22,000 ($20,000 + 10 percent) in 1991 just to stay even. Certain groups, such as those living on fixed retirement pensions, cannot increase their incomes enough to offset the effects of inflation. When this happens their standard of living will decline. To protect people on fixed incomes, Social Security benefits are adjusted for the effects of inflation.
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