Hyperinflation can be thought of as a monetary policy phenomenon.

Question

Quizplus · Accepted Answer

Hyperinflation is a result of excessive monetary growth or a rapid increase in the money supply without corresponding growth in output or productivity. It is often caused by a government printing too much money or increasing its money supply rapidly, which reduces the value of each unit of currency, leading to an inflation rate of 50% or more per month. Therefore, hyperinflation is a monetary policy phenomenon.

Hyperinflation Can Be Thought of as a Monetary Policy Phenomenon