Cloze Test – Test 63

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

In economics, a recession is a business cycle contraction which results in a general (21) in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate (22). In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters. </br> Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be (23) by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions (24) adopting expansionary macroeconomic policies, such as (25) money supply, increasing government spending and decreasing taxation.</br>

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

In economics, a recession is a business cycle contraction which results in a general (21) in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate (22). In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters. </br> Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be (23) by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions (24) adopting expansionary macroeconomic policies, such as (25) money supply, increasing government spending and decreasing taxation.</br>

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

In economics, a recession is a business cycle contraction which results in a general (21) in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate (22). In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters. </br> Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be (23) by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions (24) adopting expansionary macroeconomic policies, such as (25) money supply, increasing government spending and decreasing taxation.</br>