YDS Advanced Exam 3

The government's decision to ---- tariffs on imported steel was widely criticized by free-trade advocates who argued it would ultimately harm domestic consumers.

Persistent fiscal deficits have ---- the national debt to unprecedented levels, prompting calls for structural reform of the taxation system.

The central bank's ---- monetary stance was intended to curb inflationary pressures without precipitating a severe economic downturn.

The rapid ---- of the domestic currency against the dollar made imports considerably more expensive and contributed to a widening trade deficit.

Notwithstanding the initial optimism, the trade agreement failed to ---- the expected growth in bilateral commerce between the two nations.