A period of very rapid increase in the overall price level is known as
A) stagnation.
B) hyperinflation.
C) stagflation.
D) depression.

Name: A period of very rapid increase in the overall price level is known as A) stagnation. B) hyperinflation. C) stagflation. D) depression.
Brand: Quizplus
Rating: 4.7 (23 reviews)

Question

Quizplus · Accepted Answer

Hyperinflation is a period of extremely high and rapid inflation, often characterized by prices doubling or tripling within a short period of time, such as a month or a year.

A Period of Very Rapid Increase in the Overall Price