In 2008, Zimbabwe ran out of locally produced Coca Cola and local Coke bottlers were not able to import the concentrated syrup needed to make Coke from the United States because they could not obtain U.S. dollars
A small amount of Coke was imported from South Africa, but a single bottle sold for around 15 billion Zimbabwean dollars. Zimbabwe was experiencing rapid increases in the price level, which is known as
A) deflation. B) inflation. C) hyperinflation. D) stagflation.
C
Economics
You might also like to view...
How does a tax on labor income influence the equilibrium quantity of employment?
What will be an ideal response?
Economics
A deficit on the current account:
A. normally causes a surplus on the capital and financial account. B. normally causes a deficit on the capital and financial account. C. has no relationship to the capital and financial account. D. means that a nation is making international transfers.
Economics