Which of the following does not describe hyperinflation? Select one: A) . During a hyperinflation people often try to shift to a "hard" currency issued by another country. B) Hyperinflation is often defined as an annual inflation rate higher than 100 percent. C) Germany, Hungary, Bolivia, Ukraine, Venezuela, and Zimbabwe have experienced hyperinflation in the last 100 years. D) . During a hyperinflation people tend to resort to barter to avoid dealing with rapidly inflating currency. E) The purchasing power of money increases dramatically during hyperinflation.

Which of the following does not describe hyperinflation? Select one: A) . During a hyperinflation people often try to shift to a "hard" currency issued by another country. B) Hyperinflation is often defined as an annual inflation rate higher than 100 percent. C) Germany, Hungary, Bolivia, Ukraine, Venezuela, and Zimbabwe have experienced hyperinflation in the last 100 years. D) . During a hyperinflation people tend to resort to barter to avoid dealing with rapidly inflating currency. E) The purchasing power of money increases dramatically during hyperinflation.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 16SQ

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Similar questions

In theory, inflation not only ______ the value of consumers' money over time, but it also increases the ____ of producers over time. a.Decreases, wages b.Increases, interest rates c.Decreases, unemployment d.Increases, real GDP
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Increasing the reserved requirement decreases money supply. True False The higher inflation there is, the higher money supply there will be. True False
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