In 1980, one Zimbabwean dollar was worth 1.47 U.S. dollars. By the end of 2008, the exchange rate was one U.S. dollar to 2 billion Zimbabwean dollars. When an economy experiences rapid increases in the price level such as what occurred in Zimbabwe, the

economy is said to experience

A) stagflation.
B) deflation.
C) inflation.
D) hyperinflation.

Answer: D

Economics

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