Which of the following refers to extremely high rates of inflation for sustained periods of time?
A)deflation
B)hyperinflation
C)bust
D)depression
E)expansion

Question

Quizplus · Accepted Answer

Hyperinflation refers to extremely high rates of inflation for sustained periods of time, sometimes exceeding 50% per month. Deflation refers to a decrease in the general price level, bust and depression typically refer to a downturn in the business cycle, and expansion refers to a period of economic growth.

Which of the Following Refers to Extremely High Rates of Inflation