Inflation most commonly refers to a rise in the general price level over a period of time (also known as price inflation).
Inflation may also refer to:
The Big Bang theory describes how the universe expanded from an initial state of high density and temperature. It is the prevailing cosmological model explaining the evolution of the observable universe from the earliest known periods through its subsequent large-scale form. The model offers a comprehensive explanation for a broad range of observed phenomena, including the abundance of light elements, the cosmic microwave background (CMB) radiation, and large-scale structure.
In physical cosmology, cosmic inflation, cosmological inflation, or just inflation, is a theory of exponential expansion of space in the early universe. The inflationary epoch lasted from 10−36 seconds after the conjectured Big Bang singularity to some time between 10−33 and 10−32 seconds after the singularity. Following the inflationary period, the universe continued to expand, but at a slower rate. The acceleration of this expansion due to dark energy began after the universe was already over 7.7 billion years old.
In Big Bang cosmology the cosmic microwave background is electromagnetic radiation that is a remnant from an early stage of the universe, also known as "relic radiation". The CMB is faint cosmic background radiation filling all space. It is an important source of data on the early universe because it is the oldest electromagnetic radiation in the universe, dating to the epoch of recombination when the first atoms were formed. With a traditional optical telescope, the space between stars and galaxies is completely dark. However, a sufficiently sensitive radio telescope shows a faint background brightness, or glow, almost uniform, that is not associated with any star, galaxy, or other object. This glow is strongest in the microwave region of the radio spectrum. The accidental discovery of the CMB in 1965 by American radio astronomers Arno Penzias and Robert Wilson was the culmination of work initiated in the 1940s, and earned the discoverers the 1978 Nobel Prize in Physics.
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable.
In economics, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States.
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%. This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.
FL or variations may refer to:
A de Sitter universe is a cosmological solution to the Einstein field equations of general relativity, named after Willem de Sitter. It models the universe as spatially flat and neglects ordinary matter, so the dynamics of the universe are dominated by the cosmological constant, thought to correspond to dark energy in our universe or the inflaton field in the early universe. According to the models of inflation and current observations of the accelerating universe, the concordance models of physical cosmology are converging on a consistent model where our universe was best described as a de Sitter universe at about a time seconds after the fiducial Big Bang singularity, and far into the future.
The Big Bounce is a hypothesized cosmological model for the origin of the known universe. It was originally suggested as a phase of the cyclic model or oscillatory universe interpretation of the Big Bang, where the first cosmological event was the result of the collapse of a previous universe. It receded from serious consideration in the early 1980s after inflation theory emerged as a solution to the horizon problem, which had arisen from advances in observations revealing the large-scale structure of the universe. In the early 2000s, inflation was found by some theorists to be problematic and unfalsifiable in that its various parameters could be adjusted to fit any observations, so that the properties of the observable universe are a matter of chance. Alternative pictures including a Big Bounce may provide a predictive and falsifiable possible solution to the horizon problem, and are under active investigation as of 2017.
The relative expansion of the universe is parametrized by a dimensionless scale factor. Also known as the cosmic scale factor or sometimes the Robertson Walker scale factor, this is a key parameter of the Friedmann equations.
In physical cosmology, the inflationary epoch was the period in the evolution of the early universe when, according to inflation theory, the universe underwent an extremely rapid exponential expansion. This rapid expansion increased the linear dimensions of the early universe by a factor of at least 1026 (and possibly a much larger factor), and so increased its volume by a factor of at least 1078. Expansion by a factor of 1026 is equivalent to expanding an object 1 nanometer (10−9 m, about half the width of a molecule of DNA) in length to one approximately 10.6 light years (about 62 trillion miles) long.
In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
Time scale may refer to:
A bag valve mask (BVM), sometimes known by the proprietary name Ambu bag or generically as a manual resuscitator or "self-inflating bag", is a hand-held device commonly used to provide positive pressure ventilation to patients who are not breathing or not breathing adequately. The device is a required part of resuscitation kits for trained professionals in out-of-hospital settings (such as ambulance crews) and is also frequently used in hospitals as part of standard equipment found on a crash cart, in emergency rooms or other critical care settings. Underscoring the frequency and prominence of BVM use in the United States, the American Heart Association (AHA) Guidelines for Cardiopulmonary Resuscitation and Emergency Cardiac Care recommend that "all healthcare providers should be familiar with the use of the bag-mask device." Manual resuscitators are also used within the hospital for temporary ventilation of patients dependent on mechanical ventilators when the mechanical ventilator needs to be examined for possible malfunction or when ventilator-dependent patients are transported within the hospital. Two principal types of manual resuscitators exist; one version is self-filling with air, although additional oxygen (O2) can be added but is not necessary for the device to function. The other principal type of manual resuscitator (flow-inflation) is heavily used in non-emergency applications in the operating room to ventilate patients during anesthesia induction and recovery.
Eternal inflation is a hypothetical inflationary universe model, which is itself an outgrowth or extension of the Big Bang theory.
The expansion of the universe is the increase in distance between any two given gravitationally unbound parts of the observable universe with time. It is an intrinsic expansion whereby the scale of space itself changes. The universe does not expand "into" anything and does not require space to exist "outside" it. This expansion involves neither space nor objects in space "moving" in a traditional sense, but rather it is the metric that changes in scale. As the spatial part of the universe's spacetime metric increases in scale, objects become more distant from one another at ever-increasing speeds. To any observer in the universe, it appears that all of space is expanding, and that all but the nearest galaxies recede at speeds that are proportional to their distance from the observer. While objects within space cannot travel faster than light, this limitation does not apply to the effects of changes in the metric itself. Objects that recede beyond the cosmic event horizon will eventually become unobservable, as no new light from them will be capable of overcoming the universe's expansion, limiting the size of our observable universe.
Grade inflation is the awarding of higher grades than students deserve, which yields a higher average grade given to students.
Cosmic time, or cosmological time, is the time coordinate commonly used in the Big Bang models of physical cosmology. Such time coordinate may be defined for a homogeneous, expanding universe so that the universe has the same density everywhere at each moment in time. The clocks measuring cosmic time should move along the Hubble flow.
The chronology of the universe describes the history and future of the universe according to Big Bang cosmology.
Credentialism and educational inflation are any of a number of related processes involving increased demands for formal educational qualifications, and the devaluation of these qualifications. In Western society, China, and India, there has been increasing reliance on formal qualifications or certification for jobs. This process has, in turn, led to credential inflation, the process of inflation of the minimum credentials required for a given job and the simultaneous devaluation of the value of diplomas and degrees. These trends are also associated with grade inflation, a tendency to award progressively higher academic grades for work that would have received lower grades in the past.