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III. Vocabulary Reinforcement

A. Vocabulary

Match the words with their definitions.

occur, v

put together out of existing material or data

compile, v

implied though not directly expressed

creeping, adj

beyond normal limits

soar, v

a person who pleads for an idea

implicit, adj

come into being or existence

deflator, n

moving slowly

excessive, adj

be sufficient to meet the charge or cost of something

advocate, n

a statistical factor designed to remove the effect of inflation

distort, v

rise rapidly

emerge, v

cause the failure or ruin of

absorb, v

happen, or be the case in the course of events or by chance

B. Word Families

Complete the chart.

Verb

Adjective

Noun

emergence

excessive

creeping

recover

absorb

compile

advocate

occurrence

soar

distortion

deflator

C. Word Groups

1. Match the words having similar meanings.

creeping

drive up

pull up

slow

soar

happen

occur

begin

emerge

decrease

reduce

rise

2. Match the words having opposite meanings.

stop

fall

creeping

deflation

grow (prices/inflation)

borrow

creditor

emerge

lend

debtor

inflation

high

D. Word Fields

1. Which of the words and phrases below are associated with the measures of inflation?

Price index, consumer price index, interest rate, wage-price spiral, market basket, a debtor, durable goods, base year, price deflator, input costs.

2. Find the words and phrases in the text associated with high inflation.

E. Word Usage

1. Complete: use an appropriate preposition where necessary.

for, up, to, from, through, by, with (2), in (3), of (2)

  1. Inflation is measured … two indexes. One index measures how pricing is affecting consumers, or buyers. The other index measures how pricing is affecting producers, or suppliers and vendors.

  2. Inflation concerns are likely to continue to drive … commodity prices.

  3. For people … a low fixed income life can be hard as there are many expenses and not enough money to pay … them all.

  4. According … the latest statistics a rise … interest rates has discouraged a mortgage refinancing boom.

  5. People who invest ... start-up companies … big risks hope to get high returns … a period ... time.

  6. The Philippines is in a good position to take advantage … rising metal prices encouraged … huge demand … China.

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