During hyperinflations A. The value of money rises rapidly B. Money no longer functions as a good store of value and people may resort to better transactions on a much larger scale C. Middle class savers benefit as prices rise D. All of the above occur

During hyperinflations A. The value of money rises rapidly B. Money no longer functions as a good store of value and people may resort to better transactions on a much larger scale C. Middle class savers benefit as prices rise D. All of the above occur

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Money Growth And Inflation

Section: Chapter Questions

Problem 4CQQ

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Question

During hyperinflations

A. The value of money rises rapidly

B. Money no longer functions as a good store of value and people may resort to better transactions on a much larger scale

C. Middle class savers benefit as prices rise

D. All of the above occur

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