A politician who called a rate of inflation of 15% hyperinflation would be criticized by an economist for using inaccurate terminology.

Question

Quizplus · Accepted Answer

Hyperinflation is typically defined as a rate of inflation that exceeds 50% per month, as opposed to 15% which is considered high inflation but not hyperinflation. Therefore, an economist would likely criticize a politician for using inaccurate terminology if they referred to 15% as hyperinflation.

A Politician Who Called a Rate of Inflation of 15