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Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically price level) back up to the long-term trend, following a dip in the business cycle. It is the opposite of disinflation, which seeks to return the economy back down to the long-term trend. Stagflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. Skewflation refers to inflation in some commodities, deflation in others Deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).
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Which was the first metal used by man?
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