Hyperinflation is
A)An inflation rate in excess of 200 percent,lasting at least one year.
B)An inflation rate in excess of 20 percent,lasting at least one year.
C)A common problem in the United States.
D)The movement of taxpayers to higher tax brackets because of rising prices.

Question

Quizplus · Accepted Answer

Hyperinflation is defined as an inflation rate that exceeds 200 percent and lasts for at least one year. This is a rare occurrence and can have severe economic effects such as the devaluation of a country's currency, a decrease in purchasing power, and an increase in poverty.

Hyperinflation Is