Raised, effectiveness, power, monetary, interest, strengthen, control, poor, device, succeeds, usefulness, in practice

1. Decisions on monetary… can be reached and applied rapidly, since … is concentrated in the Board of Governors.

2. The effectiveness of monetary action is reasonably certain. Interest rates can always be … to a level at which the brakes take hold.

3. Monetary policy is an impersonal…, which produces its effect through the market mechanism. It is neutral as among individuals and groups in the economy. If the Federal Reserve… in restricting credit, some would-be borrows will be left unsatisfied.

4. The … of monetary policy depends on whether the problem is to tackle inflation or unemployment. … policy is more effective on the former front than on the latter.

5. During a recession the Federal Reserve can … bank reserves, reduce … rates, and establish an attractive atmosphere for borrowing. But it cannot directly affect the wish to borrow. As business prospects seem …, borrows will hold off and the desired increase in loans and spending will not materialize.

6. The … of monetary policy should not be overestimated. Monetary policy … is more complicated and less effective than appears from textbook examples.

4. Поставьте вопросы к выделенным словам:

1. We are already beginning to forget what the world was like without it.

2. We used to go outside for our amusements.

3. We rush home to be in time for this or that programme.

4. The telly is the universal pacifier.

5. The children will watch rubbishy commercials.

6. Every day television consumes vast quantities of creative work.

7. Millions watch the same programmes.

8. We become utterly dependent on the two most primitive media of communication.

9. Television encourages passive enjoyment.

10. We spend a holiday by the sea.

5. Поставьте сказуемое в Present, Past или Future Simple Tense страдательного залога:

1. The new comedy (to show) on TV yesterday.

2. The modern cinema on our street (to build) a year ago.

3. This scene (to shoot) in Paris next month.

4. Many documentaries (to make) every year.

5. The famous actress (to invite) to star in this film soon.

6. The talk show (to transmit) two days ago.

7. The TV sets (to sell) in this shop.

8. Good comedies (to produce) in Italy.

9. Many famous actors (to invite) usually to this festival.

10. This problem (to discuss) during the next talk show.