Hyperinflation is defined as
A)declining inflation rates.
B)rising but low inflation rates.
C)very high inflation rates.
D)very low inflation rates.
E)an increase in the price level.

Question

Quizplus · Accepted Answer

Hyperinflation is a situation in economics where the general price level of goods and services in an economy rises rapidly, causing the purchasing power of currency to decline rapidly. Generally, an inflation rate of over 50% per month is considered hyperinflationary.

Hyperinflation Is Defined as