A hyperinflation occurs when
A) inflation persists for more than two years.
B) inflation persists for more than five years.
C) the inflation rate exceeds 50% per year.
D) the inflation rate exceeds 50% per month.

Question

Quizplus · Accepted Answer

Hyperinflation is a rapid and uncontrolled increase in prices in an economy. A hyperinflation occurs when the inflation rate exceeds 50% per month, which is an extremely high rate of inflation that leads to a collapse in the value of the currency and a loss of confidence in the economy.

A Hyperinflation Occurs When