|
Term
|
Meaning
|
Does RBI want it?
|
|
Deflation
|
Fall in the prices and fall in employment
|
No
|
|
Disinflation
|
Fall in the prices without causing unemployment
|
Yes
|
|
Stagflation
|
Stagnation + inflation
* Prices and wages rise
* But people can’t find jobs, companies can’t find
customers.
|
No
|
|
Reflation
|
Policy to stop the fall in price levels, but
without causing rise in the price levels (inflation)
|
Yes
|
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