ECONOMICS (CBSE/UGC NET)

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.

Detailed explanation-2: -Hyperinflation is very high inflation. Although the threshold is arbitrary, economists generally reserve the term “hyperinflation” to describe episodes when the monthly inflation rate is greater than 50 percent.

Detailed explanation-3: -Quick rise dry yeast is also referred to as instant yeast or rapid rise dry yeast. Its activity is not significantly different than that from compressed yeast. It can be added directly to dry ingredients without prior re-hydration.

Detailed explanation-4: -Inflation is the rate of increase in prices over a given period of time.

Detailed explanation-5: -Hyperinflation is a condition where the price of everything in a national economy goes out of control and increases very quickly. After the First World War, Germany went through one of the worst periods of hyperinflation in history. The excessive printing of currency triggered this by the government.