Exercise 1. Read the article and
write the term that best matches each
definition.
1) Business cycle
2) Depression
3) Prosperity
4) Recession
5) Recovery
1. The high point of a business cycle, when business is good.
2. An upswing in a business cycle, when people begin to get jobs and to buy more
products and services.
3. The economy's move from good times to bad times a back again.
4. The lowest point a business cycle can reach.
5. A stage in a business cycle when fewer goods and services are demanded and
unemployment rises, but the problems are not serious enough to cause real alarm.
Exercise 2.Describe what you think will generally happen during each stage to
each of these factors.
a. Jobs — increase in number, decrease, or stay the same?
b. Prices for consumer goods - decrease, increase, or stay the same?
c. Consumer's buying habits.- buy less, buy more, or no change?
d. Number of business firms in the market - decrease, increase, or stay the same?
Task 3. Grammar
Exercise 1. Complete the sentences with suitable adjectives
cautious
different
casual
formal
idealistic
realistic
dynamic
radical
ruthless
principled
critical
assertive
decisive
encouraging
distant
conservative
approachable
laid·back
1 She doesn't like to rush into things. She's careful and . . . . . . . . . . . .
2 He's very good at pointing out problems with people and systems in the
company. He's often . . . . . . . . . . . . , but this helps make improvements.
3 He's a serious, . . . . . . . . . . . . person, both in the way he dresses and in his
dealings with people. Everyone knows he's the boss.
4 She has a very clear vision for the long-term future of the company, but many
people think she is too . . . . . . . . . . . . .
5 He is a very . . . . . . . . . . . . man. He sacked anyone who got in his way.
6 Our boss is friendly and . . . . . . . . . . . . She's very easy to talk to.
7 He's very . . . . . . . . . . . . . He doesn't like to try anything new now he's running
the company.
8 She's very . . . . . . . . . . . . . She would never approve any policies that were
remotely unethical.
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