Table 2.1
-Hyperinflation is:
A) an unusually low level of price increases in the economy.
B) a high inflation rate.
C) a purely temporary increase in the inflation rate.
D) none of the above.

Question

Table 2.1
-Hyperinflation is:
A) an unusually low level of price increases in the economy. 
B) a high inflation rate. 
C) a purely temporary increase in the inflation rate. 
D) none of the above.

Quizplus · Accepted Answer

Hyperinflation refers to an extremely high and typically accelerating inflation rate, far exceeding the economy's growth rate, leading to a rapid erosion of the real value of the local currency.

Table 2.1 -Hyperinflation Is