With the seeming time warp of the holiday season upon us, we decided to look up the answer to a question submitted by a Chandra visitor some time ago on the relationship of time and gravity. (Disclaimer: you may not use this text as an excuse to why you forgot to get your 'favorite' relative a gift this year. That's on you - not Einstein.)
Why is time influenced by gravity?
Einstein's theory of relativity showed that space and time are not independent. One consequence of this is that time can appear to pass more rapidly or slowly for two different observers depending on their relative velocities and acceleration. According to the theory of relativity, acceleration and gravity are equivalent, so gravity can affect the flow of time.