Question

hyperinflation a. is an extremely high rate of inflation. b. occurs when people interpret nominal changes in wages as real changes. c. is negative inflation. d. occurs when a government rapidly decreases the money supply. e. occurs when the inflation rate is zero.

Answer 1

Hyperinflation: is an extremely high rate of inflation. The Right Option is C

Hyperinflation is a phrase used to describe rapid, excessive, and widely expanding cost increases in an economy.

While growth is a function of how quickly labour and product expenses are rising, excessive inflation is a rapidly rising swelling that typically accounts for more than 50% each month.

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