ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A very rapid increase in the level of prices over time
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Inflation
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Inflation rate
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Deflation
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Hyperinflation
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Explanation:
Detailed explanation-1: -Hyperinflation is a term used when inflation rates exceed 50%. This is typically caused by rapid growth of the supply of paper money. The best studied example is post-WWI Germany, where the Weimar Republic was faced with having to pay reparations from the war, as well as stimulating economic growth.
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