Ex. 5. Translate the words and phrases given in brackets.

1. (На пике) of the business cycle (происходит резкий подъем экономики).

2. The rate of (банкротств) is very high.

3. The way to smooth out (экономические колебания) is not found yet.

4. (По ряду различных причин) consumers and businesses begin to reduce (уровни расходов).

5. Economists (предсказывают) that (производство будет снижаться) in the next few months.

6. After (периода спада) the economy (в конечном счете) begins (восстанавливаться).

7. Business may (временно уволить) workers, reduce (приобретение сырья) and reduce

production because they have built up (излишние запасы).

8. The period of recession is (низшая точка экономического цикла).

9. The worst depression in American history, is known as (Великая депрессия).

10. In 1933 numbers of people lost their (сбережения) because more than 4,000 (частных

банков) closed (навсегда).

Ex. 6. Translate into Russian. Mind the translation of prepositions “like” and “as”.

1. What a beautiful house! It’s like a palace.

2. What does he do? He’s a teacher, like me.

3. Some sports like motor racing can be dangerous.

4. Like the manager, she also has to make important decisions.

5. Everybody is ill at home. Our house is like a hospital.

6. The situation with sales has not been like last year.

7. Before joining us he worked as a sales manager for a cosmetic company.

8. It is not like them to keep us waiting for the deliver; they are usually very punctual.

9. After the company reorganization we started to work as an independent division.

10. As mentioned earlier this evening, we have a guest speaker.

COMPREHENSION

Ex. 7. Match the questions (1-8) to their answers (A-H).

1. How many years did the Great Depression last for?

2. How are changes in business activity called?

3. What happens in a period of depression?

4. When is the economy booming?

5. What marks the beginning of a contraction in the business cycle?

6. Why are prices increasing during a boom period?

7. Why do businesses and consumers reduce their spending during a contraction cycle?

8. During which period does business begin to expand its activities?

A. At the peak of the business cycle.

B. Ten years

C. Because the demand for goods and services is increasing.

D. During a period of expansion.

E. Factories are idle, millions of workers are unable to find jobs, and the rate of business

failure is high.

F. Because economists predict that business will be slowing down in the next few months.

G. The periods of boom, contraction, recession and expansion.

H. Reductions in business and consumer spending.

Ex. 8. Multiple choice. In the space provided, write the letter of the item that best