Question

What was hyperinflation?

Answer 1

$\textbf{Hey there!}$

=>Here is ur Answer<=

Hyperinflation is a macro-economic event that occurs as a result of a steep devaluation of a country’s currency that causes its citizens to lose confidence in it. When the currency is perceived as having little or no value people begin to hoard commodities and goods that have value. As prices begin to rise, basic goods — such as food and fuel — become scarce sending prices in an upward spiral. In response the government is forced to print even more money to try to stabilize prices and provide liquidity, which only exacerbates the problem.


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Answer 2

Hey mate✌✌
here is your answer ☺
Hyperinflation is an extremely Rapid period of inflation usually caused by a rapid increase in money supply. usually due to the unrestrained printing of fait currency .

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