During hyperinflations, the real value of money
A) rises rapidly.
B) falls rapidly.
C) falls slowly.
D) does not change.

Name: During hyperinflations, the real value of money A) rises rapidly. B) falls rapidly. C) falls slowly. D) does not change.
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Question

Quizplus · Accepted Answer

During hyperinflations, the price level of goods and services rises rapidly, which means that the purchasing power of money falls rapidly. Therefore, the real value of money falls rapidly during hyperinflations.

During Hyperinflations, the Real Value of Money