WORLD HISTORY

Detailed explanation-1: -Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.

Detailed explanation-2: -Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

Detailed explanation-3: -Hyperinflation is a period of fast-rising inflation; stagflation is a period of spiking inflation plus slow economic growth and high unemployment. Deflation is when prices drop significantly, due to too large a money supply or a slump in consumer spending; lower costs mean companies earn less and may institute layoffs.

Detailed explanation-4: -Hyperinflation has two main causes: an increase in the money supply and demand-pull inflation. The former happens when a country’s government begins printing money to pay for its spending.

Detailed explanation-5: -higher supply of money. demand-pull inflation. cost-push inflation.