ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the inflation rate is more than 50% per month it is
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Inflation
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Hyperinflation
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Creeping inflation
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Walking inflation
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Explanation:
Detailed explanation-1: -In economics, hyperinflation is used to describe situations where the prices of all goods and services rise uncontrollably over a defined time period. In other words, hyperinflation is extremely rapid inflation. Generally, inflation is termed hyperinflation when the rate of inflation grows at more than 50% a month.
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