active vocabulary 2

peak-to-trough decline

спад от максимальной до минимальной точки цикла The largest ____ in real GDP was only 3.4 percent

emerging economies

страны с развивающейся рыночной экономикой ____ have been much more depression-prone

emerging market

развивающийся рынок Investors are looking for opportunities in the ____

double-digit growth

темпы роста выраженные двузначным числом China experienced ____ during the 2000s

double-digit drop

снижение выраженное двузначной цифрой Thailand suffered a ____ in output during the crisis

unemployment benefit

пособие по безработице He applied for ____ after losing his job

money supply

денежная масса в обращении The ____ usually shrank during recessions on the gold standard

monetary policy

денежно-кредитная политика A standard recession usually follows a period of tight ____

tight policy

жёсткая политика A recession usually follows a period of ____

restrictive policy

ограничительная политика The central bank adopted a ____ to fight inflation

easy monetary policy

политика дешёвых денег The government introduced an ____ to stimulate the economy

accommodative monetary policy

стимулирующая денежно-кредитная политика The central bank pursued an ____ to support growth

unconventional policy

нетрадиционная политика The central bank resorted to ____ after rates hit zero

fiscal policy

налогово-бюджетная политика ____ tends to be less effective because of the lags involved

deflation

дефляция / спад деловой активности / снижение цен A depression is caused by falling asset prices a credit crunch and ____

credit crunch

ограничение кредитования / кризис кредитно-финансовой системы In a depression caused by falling asset prices a ____ and deflation conventional monetary policy is less potent