Inflation is an economic situation in which prices increase at the same time that the value of a nation’s currency decreases. During times of inflation, people buy less because they cannot 1 the inflated, or higher, prices. Since people buy less, production slows don, and many companies have to 2 workers. As this happens, more and more people start to worry about the future. Because of an increase in the 3 of unemployed workers, many people cannot afford to buy things they want. This period of high unemployment and low spending is called a recession. When two or more quarters have a decline in GDP, then a country is going 4 a recession. A quarter is 5 of the year. Thus, if you notice that less money is being made from the products your country produces during half the year, you can be certain it is going through a recession.
(c)1. a. provide b. offer c. afford d. upgrade
(b)2. a. set off b. lay off c. give off d. put off
(b)3. a. amount b. number c. quantity d. quality
(a)4. a. through b. over c. with d. along
(d)5. a. half b. one-third c. two- fifth d. one-fourth
☛ New words
1. inflation (n)通貨膨脹
2. currency (n)貨幣
3. decrease (v)減少
4. unemployed (adj)失業
5. recession (n)衰退
6. quarter (n)季
7. decline (n)下降
8. DGP (gross domestic product)國內生產總值
1. lay off… 資遣/裁減 (員工)
a. To keep the company running, the general manager decided to lay off 100 employers.
Business a recession, this an electronic company lay off for three months.
Many workers are worried about being laid off.