Asked by Oluwatoyin Bolaji on Jul 19, 2024
Verified
Hyperinflation is generally defined as inflation that exceeds 50 percent per month.
Hyperinflation
An extremely high and typically accelerating rate of inflation, often causing a rapid erosion of the real value of local currency and leading to a collapse in a nation's monetary system.
- Understand the consequences of hyperinflation on the economy and the government's part in initiating it.
Verified Answer
AE
Ashlie ElizabethJul 22, 2024
Final Answer :
True
Explanation :
Hyperinflation is indeed defined as a very high and typically accelerating inflation rate, often exceeding 50 percent per month.
Learning Objectives
- Understand the consequences of hyperinflation on the economy and the government's part in initiating it.
Related questions
The Hyperinflation in Zimbabwe Ended in April 2009 When the ...
Hyperinflations Are Associated with Governments Printing Money to Finance Expenditures
Suppose the Fed Sells Government Bonds ...
Explain the Adjustment Process in the Money Market That Creates ...
The Experience of the 1970s and 1980s Suggests That the ...