History, asked by manoranjanmishra7840, 8 months ago

Define hyperinflation​

Answers

Answered by shikhajyoti47
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 lovingheart
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

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