Inflation in Zimbabwe in 2008:
A) was very low.
B) did not exist; during 2008 Zimbabwe had deflation.
C) was about the same as its neighbors, somewhere around 20%.
D) was very high at the beginning of the year but fell when Robert Mugabe agreed to share power with Morgan Tsvangarai.
E) reached the rate of 80 billion percent per month.

Question

Quizplus · Accepted Answer

Inflation in Zimbabwe in 2008 reached the astonishing rate of 80 billion percent per month, making it one of the worst cases of hyperinflation in history. This was caused by a combination of factors, including the government's reckless printing of money to finance its spending, the collapse of the agricultural sector, and the impact of sanctions imposed by other countries. The hyperinflation only came to an end when the government abandoned the Zimbabwean dollar in favor of using foreign currencies like the US dollar and the South African rand.