FACTOID # 152: Of the eight countries which include the word "democratic" in their conventional long form name, three are dictatorships: North Korea (Democratic People's Republic of Korea), Laos (Lao People's Democratic Republic) and the Democratic republic of the Congo.
 
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Encyclopedia > Reflation
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Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes. The opposite of deflation. An economic policy whereby a government uses fiscal or monetary stimulus in order to expand a country's output. Possibilities include reducing tax, changing the money supply, or even adjusting interest rates.


  Results from FactBites:
 
States of Guernsey: Reflation Factors: Reflation Factors (143 words)
Reflation factors are used to convert values to current day prices.
The effect of inflation is to erode the purchasing power of the pound such that what could be purchased for £1 in 1967 would be considerably more than could be purchased for £1 in 2005.
using the reflation factor of 14.72 for 1967, £100 in 1967 would be equivalent to a value of £1,472 in 2001 (i.e.
Monetarism - Wikipedia, the free encyclopedia (2610 words)
The rise of the popularity of monetarism in political circles accelerated as Keynesian economics seemed unable to explain or cure the seemingly contradictory problems of rising unemployment and inflation in response to the collapse of the Bretton Woods system in 1972 and the oil shocks of 1973.
On the one hand, higher unemployment seemed to call for Keynesian reflation, but on the other hand rising inflation seemed to call for Keynesian deflation.
The result was a significant disillusionment with Keynesian demand management: a Democratic President Jimmy Carter appointed a monetarist Federal Reserve chief Paul Volcker who made inflation fighting his primary objective, and restricted the money supply to tame inflation in the economy.
  More results at FactBites »


 

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