Hyperinflation
A) occurs in the United States during each business cycle.
B) occurs only in theory, never in reality.
C) has never occurred in the United States.
D) happens in all countries at some time during their business cycle.
E) is a period of time when inflation exceeds 20 percent per year.

Question

Quizplus · Accepted Answer

Hyperinflation has never occurred in the United States. While there have been periods of high inflation, such as in the 1970s, inflation rates have never exceeded 20 percent per year, which is the generally accepted threshold for hyperinflation.