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The Hyperinflation of the Revolutionary War Period

Question 19

Multiple Choice

The hyperinflation of the Revolutionary War period


A) persisted throughout the 19ᵗʰ century because of over-issue of paper money by the states.
B) has been exaggerated;prices were,in fact,quite moderate during the War.
C) was severe,but short-lived;prices returned to normal levels following the War.
D) was accelerated by the repudiation of most wartime-issued paper money following the War.

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