Question

Each of the following sentences has a blank, indicating that a word is missing. Choose the most suitable word from the given options to make the sentence grammatically correct and contextually meaningful. In a desperate attempt to ________ the skyrocketing inflation rates that were crippling the middle class, the central monetary authority decided to drastically hike the short-term interest rates.

Q: Answer-Each of the following sentences has a blank, indicating that a word is missing. Choose the most suit...

Inflation is described as skyrocketing and crippling, meaning it is a severe problem. A central bank hikes interest rates as a measure to reduce or control this problem. Curtail means to reduce in extent or quantity to impose a restriction on. Exacerbate and provoke mean to worsen, which contradicts the banks goal.