Set 2 — Read the Passage
Read the passage carefully before you begin. Each blank is a separate question with 4 options.
📄 Passage
Inflation — the sustained __1__ in the general price level — poses one of the most intricate challenges in macroeconomic governance. When left __2__, rising prices erode purchasing power and undermine consumer confidence with startling speed. Central banks are __3__ with the mandate of maintaining price stability, a task they pursue primarily by adjusting interest rates. Raising rates makes borrowing more costly and thereby __4__ consumer spending and investment. However, this instrument __5__ at a price: tighter monetary conditions can __6__ an economy toward recession. The delicate __7__ between containing inflation and sustaining growth demands that policymakers act __8__ caution and precision. Supply-side shocks — such as energy price surges — complicate __9__ further, as they arise from structural factors that monetary tools are __10__ to address alone.
Quiz Rules
- • 10 blanks — one question per blank, in order.
- • Click an option to answer — you cannot change it after selecting.
- • Correct: +1 mark | Wrong: −1 mark
- • 5 correct in a row: +2 streak bonus
- • A grammar/collocation explanation appears after every answer.
- • ⏱ Time limit: 10:00 — auto-submitted when time runs out.