Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply.

Low ( as opposed to zero or negative ) inflation reduces the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduces the risk that a liquidity trap prevents monetary policy from stabilizing the economy.

Low inflation benefits

Low inflation therefore tends to favor rentiers -

It is not that high inflation causes low unemployment ( as in Milton Friedman's theory ) as much as vice-versa: Low unemployment raises worker bargaining power, allowing them to successfully push for higher nominal wages.

# Low unemployment encourages high inflation, as with the simple Phillips curve.

Low ranking members of the military, with their wages diminished due to inflation, started to voice their discontent to their superiors.

But there was terror in the thirties when the Nazis were on the loose and in those days Low struck like lightning.

that was a nightmarish situation and Low was in his element.

Until he was four years old, van Vogt and his family spoke only a dialect of Low German in the home.

Another famous abjuration was brought about by the Plakkaat van Verlatinghe of July 26, 1581, the formal Declaration of Independence of the Low Countries from the Spanish king, Philip II.

In the remainder of the war in the Low Countries he held high commands, and was present at the Battle of Fleurus.

Conversely the use of true brass seems to have declined in Western Europe during this period in favour of gunmetals and other mixed alloys but by the end of the first Millennium AD brass artefacts are found in Scandinavian graves in Scotland, brass was being used in the manufacture of coins in Northumbria and there is archaeological and historical evidence for the production of brass in Germany and The Low Countries areas rich in calamine ore which would remain important centres of brass making throughout the medieval period, especially Dinant – brass objects are still collectively known as dinanterie in French.

Marlborough could not attack Dillingen because of a lack of siege guns – he was unable to bring any from the Low Countries, and Baden had failed to supply any despite assurances to the contrary.

Again an Expeditionary Force was sent to France, only to be hastily evacuated as the German forces swept through the Low Countries and across France in 1940.

A cultivar ' Walker's Low ' was named perennial of the year for 2007 by the Perennial Plant Association.

Eventually titled Temple of Low Men, their second album was released in July 1988 with strong promotion by Capitol Records.

Largely self-taught, he was greatly influenced by the realism and subject matter of the 17th-century Low Country masters.

Through marriage, the County of Flanders was joined with most of the rest of the Low Countries around 1400 AD, and it lost its independence.

In the Early modern period, the term Flanders was associated with the southern part of the Low Countries: the Southern Netherlands.

Low German was spoken throughout northern Germany and, though linguistically as separate from High German ( Hochdeutsch ) as from Dutch and English, is considered " German ", hence also its name.

Guy Fawkes ( 13 April 1570 – 31 January 1606 ), also known as Guido Fawkes, the name he adopted while fighting for the Spanish in the Low Countries, was a member of a group of provincial English Catholics who planned the failed Gunpowder Plot of 1605.

This was the first book of Masses by a native composer: in the Italian states of his day, most composers of sacred music were from the Low Countries, France, Portugal, or Spain.

His ministry expanded and he undertook tours of North America and the Low Countries, between which he was imprisoned for over a year.

Low sea-levels meant that Britain was still attached to the continent for much of this earliest period of history, and varying temperatures over tens of thousands of years meant that it was not always inhabited at all.

Hanover was thus a gateway to the Rhine, Ruhr and Saar river valleys, their industrial areas which grew up to the southwest and the plains regions to the east and north, for overland traffic skirting the Harz between the Low Countries and Saxony or Thuringia.

In the Low Countries, an ottavino was commonly paired with an 8 ' virginals, encased in a small cubby under the soundboard of the larger instrument.

Low Arab Sunni turnout threatened the legitimacy of the election, which was as low as 2 % in Anbar province.

IJscolf, a game resembling Colf with the added element of an ice-covered surface, was popular in the Low Countries between the Middle Ages and the Dutch Golden Age.

Paris's influence in the Low Countries was counterbalanced by England, which maintained important ties to the coastal ports.

His reign length — as preserved in the damaged Turin King List — was disputed in the past with Jürgen von Beckerath reading the damaged figure on the papyrus fragment as only 13 years in his 1964 work Untersuchungen zur politischen Geschichte der zweiten Zwischenzeit in Ägypten, while both Alan Gardiner — in The Royal Canon of Turin ( 1959 )— and Kenneth Kitchen in his 1987 paper " The Basics of Egyptian Chronology in Relation to the Bronze Age at the ' High, Middle or Low '" University of Göteborg convention maintained that it was 23 years.

However, parts of the county had long been known as retreats, including the " Little Charleston " of Flat Rock in which South Carolina's Low Country planter families had maintained second homes since the early 19th century.

Finally, in 1850, in an article published in the Edinburgh Review in defence of the Gorham judgment he asserted two principles which he maintained to the end of his life — first, " that the so-called supremacy of the Crown in religious matters was in reality nothing else than the supremacy of law, and, secondly, that the Church of England, by the very condition of its being, was not High or Low, but Broad, and had always included and been meant to include, opposite and contradictory opinions on points even more important than those at present under discussion.

Low temperatures may be maintained within a cryostat by using various refrigeration methods, most commonly using cryogenic fluid bath such as liquid helium.

The Franco-Spanish War ( 1635 – 59 ) ended ambiguously, despite some Spanish concessions ; the Spanish maintained their main territorial holdings in the Low Countries, Italy and Catalonia after expelling French forces from most of the territory they had invaded and the Spanish continued to make incursions of their own, seizing a number of northern French forts which were held until the war's end.

" The revision thus abolished the hard-and-fast distinction between Missa Cantata and Low Mass, but the distinction is still maintained in the 1962 edition of the Roman Missal, whose use as an extraordinary form of the Roman Rite is authorized in accordance with the conditions indicated in the motu proprio Summorum Pontificum.

Low resolution photo comes from Police Link, a site of information for police patch collectors, site has not been maintained since 2002 and no copyright info is available.

To isolate the Danube from any Allied intervention, Marshal Villeroi's 46, 000 troops were expected to pin the 70, 000 Dutch and English troops around Maastricht in the Low Countries, while General de Coigny protected Alsace against surprise with a further corps.

Low non-military demand and government subsidies meant that the company specialized more and more in weapons: by the late 1880s the manufacture of armaments represented around 50 % of Krupp's total output.

The language area comprises the North German states of Lower Saxony, North Rhine-Westphalia ( the Westphalian part ), Bremen, Hamburg, Schleswig-Holstein and Saxony-Anhalt ( the northwestern areas around Magdeburg ) as well as the northeast of The Netherlands ( i. e. Dutch Low Saxon, spoken in Groningen, Drenthe, Overijssel and northern Gelderland ) and the Schleswigsch dialect spoken by the North Schleswig Germans in the southernmost part of Denmark.

Low taxes have drawn many foreign companies to Monaco and account for around 75 % of the $ 6. 581 billion annual GDP income in ( 2011 ).

It was originally defined as a light fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries.

Yacht (, from Dutch / Low German jacht meaning hunting or hunt, compare Standard German / High German Jagd ) was originally defined as a light, fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries.

* The prosperity of Roman Britain declines during this period as the Germanic tribes of the Franks and Saxons, whose homelands are in Friesland and the Low Countries, make raids around the southeast coast.

A Low Earth Orbit ( LEO ) typically is a circular orbit about above the earth ’ s surface and, correspondingly, a period ( time to revolve around the earth ) of about 90 minutes.

From around 1800 to 1840 the Danish speaking population on the Angeln peninsula between Schleswig and Flensburg began to switch to Low German and in the same period many North Frisians also switched to Low German.

The Low Countries () are the historical lands around the low-lying delta of the Rhine, Scheldt, and Meuse rivers, including the modern countries of Belgium, the Netherlands, Luxembourg and parts of northern France and western Germany.

The English noun Monday derived sometime before 1200 from monedæi, which itself developed from Old English ( around 1000 ) mōnandæg and mōndæg ( literally meaning " moon's day "), which is cognate to other Germanic languages, including Old Frisian mōnadeig, Middle Low German and Middle Dutch mānendach ( modern Dutch Maandag ), Old High German mānetag ( modern German Montag ), and Old Norse mánadagr ( Swedish and Norwegian nynorsk måndag, Icelandic mánudagur.

The first and longest part, " Low Men in Yellow Coats ", takes place in 1960 and revolves around a young boy, Bobby Garfield.

The Beeldenstorm grew out of a turn in the behaviour of Low Country Protestants starting around 1560, who became increasingly open in their religion, despite penal sanctions.

The foundation of the church of Ittre occurred around 640, and is principally known as the centre of the veneration of Our Lady of Ittre, which began in 1336, when a terrible plague was raging in the Low Countries.

However, later the Northern pronunciation ( of Standard German ) was considered standard and spread southward ; in some regions ( such as around Hanover ) the local dialect has completely died out with the exception of small communities of Low German speakers.

* Heide Eastphalian ( around Celle, with Northern Low Saxon elements )

Printed music moved around Europe during the migration of Franco-Flemish composers from their home areas in the modern day Low Countries to Italy, Germany, Spain, Poland and elsewhere ; the polyphonic style of the Franco-Flemish became an international language, with later regional variations.

The Core Duo L2400 ( Low Voltage ) CPU on the X60s model achieves 7 + hours of battery life on standard benchmarks, and can reach around 10 hours under light use, when using the extended-life battery.

* Äsop, an adaptation into Middle Low German verse of 125 Romulus fables, was written by Gerhard von Minden around 1370.

It should be regarded as three separate parts: the sandstone " High Weald " in the centre ; the clay " Low Weald " periphery ; and the Greensand Ridge which stretches around the north and west of the Weald and includes the Weald's highest points.

After fighting for two months around Caen, the Corps was subordinated on 1 August 1944 to First Canadian Army for the remainder of the Normandy campaign and the subsequent operations in the Low Countries and Germany until 1 April 1945.