The Case in Point titled "Velocity and the Confederacy" suggests that during the Civil War, the South faced
A) hyperinflation and rising velocity.
B) hyperinflation and falling velocity.
C) deflation and rising velocity.
D) deflation and falling velocity.

Question

Quizplus · Accepted Answer

During the Civil War, the Confederacy experienced hyperinflation due to excessive printing of money, which led to a loss of confidence in the currency and increased the velocity of money as people spent it quickly before it lost more value.

The Case in Point Titled "Velocity and the Confederacy" Suggests