Hyperinflation refers to an extremely high rate of inflation, generally characterized by a monthly inflation rate of 50% or higher. This leads to a rapid decrease in the value of a currency, resulting in skyrocketing prices and making it difficult for people to afford basic necessities.

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Hyperinflation Is

Question 62

Multiple Choice

Hyperinflation is:

A) a period of high money growth in an economy.
B) extremely high rates of inflation.
C) very high rates of economic growth.
D) inflation that occurs when the economy is in a recession.

Correct Answer: