Define hyperinflation
Answers
Answered by
1
Answer:
rapid increase of inflation means out of control .we can't control by managing our economy very easily this condition is known as hyperinflation
Answered by
0
In economy, prices is out of control is called hyperinflation.
Explanation:
- Prices of product was increased rapidly and excessively in short period of time.
- Each month the prices are increases above 50 percentage.
- Inflation rate is very high it is called hyperinflation.
- Hyperinflation was not good for the economy as well as individual.
- Unemployment rate was increases during hyperinflation.
- Circulation of money was high, so, value of currency was eroded.
- People have the more money on hand, so demand and supply was increases but prices of the product was increased.
- In 2008, Zimbabwe's currency is recent example of hyper inflation of 79 billion percent per month.
To Learn More...
1.What is hyperinflation?
https://brainly.in/question/1511756
2.What is meant by Hyperinflation? (Nazism and the rise of Hitler).
https://brainly.in/question/1624582
Similar questions