1. Read and retell the text gm to close plant in Germany

18. Answer the following questions according to the text 
1. What effect does inflation have on currency? 
a It increases its value 
b It decreases its value 
c It doesn’t affect its value 
d Economists are still trying to figure this out 
2.What are central banks, and what process allows them to increase the flow of 
currency? 
a Central banks are the institutions tasked with managing countries’ economies, and 
they mint new money 
b Central banks are local establishments that make loans to residents 
c Central banks are digital money distributors that protect credit card companies 
d None of the above 
3. What is the main difference between panics and recessions? 
a There aren’t any differences between the two 

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b Recessions are shorter than panics 
c Panics are characterized by affordable prices, while recessions are not 
d Recessions last longer than panics and could be indicative of largescale economic 
downturns 
4. What is purchasing power? 
a The strength of one’s credit score 
b A measure of someone’s wealth 
c A typical measure of how many goods/services currency can be exchanged for 
d 1 and 2 
5. What is deflation, and how does it compare to inflation? 
a Deflation and inflation are basically the same 
b Inflation is always good, while deflation is always bad 
c Deflation is the increased value of something due to a modest supply, while 
inflation is a reduced value of something due to an enhanced supply 
d Researchers are still attempting to find the differences between the two 
19. Read and retell the text 
Lockheed Martin gets extra funding to build jets 
Lockheed Martin Corp (LMT.N) has won $237 million in extra funding for a 
fourth batch of F-35 Joint Strike Fighters to account for changes to the hardware and 
software of the stealthy, supersonic new warplanes, the Pentagon said on Monday. 
The modified contract increases the cap on retrofits needed on early production 
planes due to issues that arose in testing, which is still continuing, the U.S. Defense
Department said in a daily listing of contract awards. 
Lockheed said the change would enable the Defense Department to pay for 
certain changes they want incorporated into the new jets, up to the new cap. 
Lockheed is responsible for any additional costs beyond the agreed cap. 
The Pentagon projects it will cost $397 billion to develop and build three 
variants of the plane for the U.S. military, a total of 2,447 planes. Eight partner 
countries also share in the development costs. 
The U.S. Senate Armed Services Committee will hold a hearing on the new 
warplane, the Pentagon's costliest weapons program, on Tuesday afternoon. 
Vice Admiral David Venlet, who runs the program for the U.S. government, is 

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expected to provide an update on the program and several technical issues, including 
problems with the helmet worn by F-35 pilots, and the tailhook that helps stop the 
aircraft carrier variant of the plane.