Hyperinflation occurs when
A) the inflation rate rises.
B) the inflation rate declines.
C) the inflation rate is extremely high.
D) the inflation rate is extremely low.
C
Economics
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The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a substitute product
Indicate whether the statement is true or false
Economics
Consumer surplus measures the value between the price consumers are willing to pay and the:
A. producer surplus price. B. deadweight gain price. C. actual price paid. D. preference price.
Economics