Ask Question
13 June, 01:02

When does inflation become hyperinflation?

a. When the inflation rate increases unpredictably.

b. When the inflation rate hits 100%

c. When the inflation rate continues to increase over a long period of time.

d. When the inflation rate hits 20%

+1
Answers (1)
  1. 13 June, 01:26
    0
    The correct answer is letter "B": When the inflation rate hits 100%.

    Explanation:

    Hyperinflation is an economic term describing rapid uncontrolled price increases. During periods of hyperinflation, the real value of domestic currency vanishes at a rapid rate. Hyperinflation takes place when inflation has reached or is more than 50% during one month or when inflation reaches or exceeds 100% over three years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When does inflation become hyperinflation? a. When the inflation rate increases unpredictably. b. When the inflation rate hits 100% c. When ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers