Irkholm, a South American Nation, Experiences an Economic Downturn That

Multiple Choice

Irkholm, a South American nation, experiences an economic downturn that leads to an increase in average prices across the country. The situation becomes more serious when average prices increase more than 50% per month. In the given scenario, Irkholm is experiencing _____.

A) disinflation
B) hyperinflation
C) asset price inflation
D) deflation