Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?
Correct answer: A. Hyperinflation
- A. Hyperinflation
- B. Ultra-inflation
- C. A cute inflation
- D. Super inflation
Explanation
Hyperinflation is an extremely rapid and uncontrolled rise in prices that sharply destroys the value of money. The other labels are not standard economic terms for this phenomenon.
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