Economics · Inflation and Monetary Policy
Hyperinflation is generally characterized by:
- 1An annual inflation rate above 5%
- 2A monthly inflation rate above 10%
- 3A steady annual inflation rate of 20%
- 4An extremely rapid, out-of-control, and compounding price rise✓
Correct answer
An extremely rapid, out-of-control, and compounding price rise
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