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Practice Reading: Fill in the Blanks (Dropdown) ID: #49497 Economic Growth
Instructions ›
Below is a text with blanks. Click on each blank, a list of choices will appear. Select the appropriate choice for each blank.
* Select the correct answer into all dropdown fields. You need to answer all questions before clicking verify button.
Currently,  spending  on  consumer  services  (think  hotels,  passenger  transportation  and  hair  salons,  for  example)  is  growing  rapidly  and  keeping  the  economy  above  .  But  this  strong  growth  can’t    forever.  As  the  fear  of  the  pandemic  subsides  and  households  return  to  pre-pandemic  spending  patterns,  the  pace  of  recovery  in  consumer  services  will  slow,  and  by  2023,  job  growth  in  this  sector  will  no  longer  be  unusually  high.  In  its  fight  to    inflation  and  slow  the  economy,  the  Federal  Reserve  will  continue  to  rapidly  raise  interest  rates,  which  makes  stock  prices  tend  to  decline,  reducing  households’  net  worth  and  spending.  This  has  created  an  economy  where  significant  job  growth  and  low  inflation  cannot  coexist.  It  is  either  one  or  the  other,  because  significant  expansion  of  employment  in  a  super-tight  labor  market  will    wages,  and  therefore  prices.  In  such  an  environment,  we  should  expect  slow  economic  and  job  growth  for  the  rest  of  the  decade.

Result:

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Correct answer: water

Explanation: The word 'water' fits grammatically as it is part of the idiomatic expression 'keep above water,' which means to remain financially stable or solvent. This aligns with the context of discussing economic growth and stability.

Meaning: In this context, 'water' refers to the state of being financially stable or not in debt, as in the phrase 'keeping above water.'

Wrong options:

  • board: The word 'board' does not fit contextually as it does not relate to financial stability or economic terms.
  • all: The word 'all' is too vague and does not convey the specific meaning of maintaining financial stability.
  • themselves: The word 'themselves' is a reflexive pronoun and does not fit grammatically or contextually in this sentence.
Correct answer: persist

Explanation: The verb 'persist' is appropriate here as it means to continue firmly in a course of action despite difficulty. This fits the context of discussing the sustainability of economic growth.

Meaning: 'Persist' means to continue to exist or endure over a prolonged period, especially in the context of economic growth.

Wrong options:

  • perceive: The word 'perceive' means to become aware of or interpret, which does not fit the context of ongoing economic growth.
  • stride: The word 'stride' implies moving with long steps, which does not convey the idea of continuation in this context.
  • underlie: The word 'underlie' means to be the cause or basis of something, which does not fit the context of the sentence.
Correct answer: tame

Explanation: The verb 'tame' is suitable as it means to bring under control, which aligns with the context of controlling inflation in the economy.

Meaning: 'Tame' in this context means to control or reduce inflation, making it manageable for the economy.

Wrong options:

  • inflow: The word 'inflow' refers to the movement of money or resources into a system, which does not fit the context of controlling inflation.
  • disarm: The word 'disarm' typically refers to removing weapons or defenses, which is not relevant to the context of managing inflation.
  • distaste: The word 'distaste' refers to a feeling of dislike, which does not relate to the action of controlling inflation.
Correct answer: accelerate

Explanation: The verb 'accelerate' fits well as it means to increase in speed or rate, which is appropriate in the context of wage growth due to job expansion in a tight labor market.

Meaning: 'Accelerate' means to increase in speed or rate, particularly in the context of rising wages and prices in the economy.

Wrong options:

  • precede: The word 'precede' means to come before something, which does not fit the context of job growth leading to wage increases.
  • rupture: The word 'rupture' means to break or burst suddenly, which does not relate to the gradual process of wage increases.
  • accede: The word 'accede' means to agree or yield to a demand, which does not fit the context of economic growth and wage acceleration.

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