Explain the term hyperinflation
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a condition where the price of everything in a national economy goes out of control and increases very quickly
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Hyperinflation is when the prices of goods and services rise more than 50 percent a month. At that rate, a loaf of bread could cost one amount in the morning, and a higher one in the afternoon.
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or
u can
say
Hyperinflation is when the prices of goods and services rise more than 50 percent a month. At that rate, a loaf of bread could cost one amount in the morning, and a higher one in the afternoon.
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Answered by
1
It is a situation when there is very high price rise. It occurred in Germany after the First World War due to too much printing of currency.
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