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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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