GMAT Vocabulary

#341

inflation

Noun

Example sentences

1. Inflation has increased food prices.
2. The central bank is trying to control inflation.
3. High inflation reduces the value of money.

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#342

deflation

Noun

Example sentences

1. Deflation caused prices to fall across the economy.
2. Long periods of deflation can hurt business profits.
3. The country experienced mild deflation last year.

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#343

recession

Noun

Example sentences

1. Many people lost jobs during the recession.
2. The company cut spending because of the recession.
3. The economy slowly recovered from the recession.

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#344

expansion

Noun

Example sentences

1. The business plans an expansion into new cities.
2. Economic expansion created more jobs.
3. The airport expansion will take three years.

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#345

volatility

Noun

Example sentences

1. Market volatility makes prices hard to predict.
2. The company is concerned about currency volatility.
3. Political news increased volatility in the stock market.

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#346

risk

Noun

Example sentences

1. Every investment carries some risk.
2. The team identified the main project risks.
3. Driving fast increases the risk of an accident.

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#347

hedge

Noun

Example sentences

1. The company bought insurance as a hedge against loss.
2. Gold can act as a hedge against inflation.
3. The farmer planted different crops to hedge against bad weather.

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#348

portfolio

Noun

Example sentences

1. Her investment portfolio includes stocks and bonds.
2. The designer showed a portfolio of past work.
3. A balanced portfolio can reduce risk.

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#349

diversification

Noun

Example sentences

1. Diversification helps investors spread risk.
2. The company used diversification to enter new industries.
3. Crop diversification can protect farmers from one bad harvest.

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#350

arbitrage

Noun

Example sentences

1. The trader used arbitrage to profit from price differences.
2. Arbitrage can reduce price gaps between markets.
3. The opportunity for arbitrage disappeared quickly.

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#351

policy

Noun

Example sentences

1. The company introduced a new work policy.
2. Government policy can affect business growth.
3. Please read the refund policy before buying.

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#352

legislation

Noun

Example sentences

1. New legislation protects workers' rights.
2. Parliament is discussing environmental legislation.
3. The company changed its practices after the legislation passed.

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#353

statute

Noun

Example sentences

1. The statute limits how long a person can bring a legal case.
2. The court applied the statute to the dispute.
3. This action is prohibited by statute.

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#354

mandate

Noun

Example sentences

1. The agency has a mandate to protect public health.
2. Voters gave the new government a clear mandate for reform.
3. The rule is a legal mandate, not a suggestion.

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#355

provision

Noun

Example sentences

1. The contract includes a provision for early payment.
2. The law contains a provision to protect children.
3. The hotel made provision for guests with disabilities.

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#356

jurisdiction

Noun

Example sentences

1. The case is outside the court's jurisdiction.
2. The police have jurisdiction within the city.
3. The law applies throughout the country's jurisdiction.

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#357

enforcement

Noun

Example sentences

1. Strict enforcement made the rule more effective.
2. The agency is responsible for law enforcement.
3. Weak enforcement allowed many violations.

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#358

restriction

Noun

Example sentences

1. The city placed a restriction on heavy trucks.
2. Travel restrictions were removed.
3. The contract includes a restriction on sharing information.

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#359

prohibition

Noun

Example sentences

1. The law creates a prohibition on smoking indoors.
2. The country ended its prohibition on imports.
3. A clear prohibition appears in the safety rules.

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#360

exemption

Noun

Example sentences

1. Small businesses received an exemption from the tax.
2. She applied for a medical exemption.
3. The law allows no exemption in this case.

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