Answered: Hyperinflation is extremely rare in…

Hyperinflation is extremely rare in countries where the Central Bank is independent of the rest of the government. Why is that?

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

Hyperinflation is extremely rare in
countries where the Central Bank is
independent of the rest of the
government. Why is that?

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