Rising prices at a fast and furious pace is referred to as

Question

Quizplus · Accepted Answer

Hyperinflation is defined as very high and accelerating inflation, typically more than 50% per month. It is characterized by rapidly rising prices and a sharp decrease in the value of currency. A and C are incorrect as they refer to inflation and deflation, respectively, but not at an extreme rate. D is incorrect because a recession refers to a period of economic decline, not necessarily rising prices.

Rising Prices at a Fast and Furious Pace Is Referred