Hyperinflation refers to the case in which inflation:
A) remains relatively constant.
B) is extremely high.
C) is extremely low.
D) is extremely unpredictable.

Question

Quizplus · Accepted Answer

Hyperinflation is a term used to describe extremely high levels of inflation, typically exceeding 50% per month. It is characterized by rapid and sustained increases in the general price level of goods and services within a particular economy, often leading to the erosion of the value of the local currency.

Hyperinflation Refers to the Case in Which Inflation