In Germany, in 1923, prices doubled every two days, and workers were paid twice a day so they could buy food and goods before prices rose again.The new payment system was in response to the:
A)deflation.
B)foreign currency fluctuation.
C)inflation.
D)recession.
E)shoe leather cost.

Question

Quizplus · Accepted Answer

The fact that prices doubled every two days indicates that the economy was experiencing hyperinflation, which was caused by an excessive increase in the money supply. As a result, workers had to be paid twice a day to keep up with rising prices.

In Germany, in 1923, Prices Doubled Every Two Days, and Workers