what is hyperinflation in class9 history
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the ans is With too much of printed money in circulation, the value of German mark fell. As the value of German mark collapsed, prices of goods soared. ... This crisis came to be known as 'hyperinflation' a situation when prices rise phenomenally high.
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Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. ... Although hyperinflation is a rare event for developed economies, it has occurred many times throughout history in countries such as China, Germany, Russia, Hungary, and Argentina.
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