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Recession /rɪˈseʃ.ən/: a period when the economy of a country is not successful and conditions for business are bad

Example: For the second time in ten years, the government has driven the economy into deep and damaging recession.

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Equilibrium /ˌek.wɪˈlɪb.ri.əm/: a state in which opposing forces or influences are balanced

eg: "I stumbled over a rock and recovered my equilibrium"

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inflation (n): a situation in country’s economy where prices and wages keep forcing each other to increase

e.g: Inflation has risen to 3.5%.

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Hyperinflation(n): /ˌhaɪ.pə.rɪnˈfleɪʃ.ən/

E.g: In the presence of hyperinflation, currency substitution may have positive effects.