The term hyperinflation refers to
A) The spread of inflation from one country to others.
B) A decrease in the inflation rate.
C) A period of very high inflation.
D) Inflation accompanied by a recession.

Question

Quizplus · Accepted Answer

Hyperinflation refers to a period of very high inflation, typically in excess of 50% per month, leading to a rapid devaluation of a country's currency and a breakdown of its economy. It is an extreme form of inflation that can have severe social and economic consequences.

The Term Hyperinflation Refers to