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24 September, 11:15

Which is the best definition of hyperinflation? a gradual decrease in the price of goods and services

a gradual increase in the price of goods and services

an exponential decrease in the price of goods and services

an exponential increase in the price of goods and services

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  1. 24 September, 14:39
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    The correct answer is: "an exponential increase in the price of goods and services".

    Inflation is defined as the gradual increase in the price level of goods and services in a region or country during a specific period of time. Hyperinflaction is the very accelerated version of the same phenomenon, when the increase in prices is spectacular and keeps growing without control. It generates a very quick devaluation of the currency, as its purchasing power decreases at the same rapid pace as the price rise.
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