Which of the following refers to extremely high rates of inflation for sustained periods of time?
A)deflation
B)hyperinflation
C)bust
D)depression

Question

Which of the following refers to extremely high rates of inflation for sustained periods of time?
A)​deflation
B)​hyperinflation
C)​bust
D)​depression

Quizplus · Accepted Answer

Hyperinflation refers to extremely high rates of inflation for sustained periods of time. Deflation is the opposite of inflation and refers to a decrease in the general price level of goods and services. A bust is a term used in the business cycle to describe a period of economic decline following a boom. A depression is a severe and prolonged recession characterized by high unemployment, low economic activity, and a general sense of economic hardship.

Which of the Following Refers to Extremely High Rates of Inflation