what is hyperinflanation?
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what is hyperinflanation?
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Answer:
Hyperinflation is when the prices of goods and services rise more than 50 percent a month. ... As the money supply increases, prices rise as in regular inflation. Hope it helps!
Explanation:
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
Although hyperinflation is a rare event for developed economies, it has occurred many times throughout history in countries such as China, Germany, Russia, Hungary, and Argentina.