Evidence concerning hyperinflation indicates a clear link between the money supply and the price level for
A)Austria in the 1920's.
B)Hungary in the 1920's.
C)Poland in the 1920's.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Historical evidence shows that all three countries - Austria, Hungary, and Poland - experienced hyperinflation in the 1920s, and in each case, there was a clear link between the money supply and the price level. The excessive printing of money led to a significant increase in prices, causing hyperinflation.

Evidence Concerning Hyperinflation Indicates a Clear Link Between the Money