Which is the best definition of hyperinflation? a gradual reduction in the price of goods and services a gradual expansion in the price of goods and services an exponential reduction in the price of goods and services an exponential expansion in the price of goods and services

The question is 'which is the best definition of hyper inflation. The correct option is the last option. Hyper-inflation occurs when an ecomomy experience very high and accelerating rates of inflation which rapidly and drastically erode the value of the local money, thereby causing the people to minimize their holdings on the local money.