Multiple Choice
Which of the following statements best defines hyperinflation?
A) The annual rate of inflation in an economy is negative.
B) The annual rate of inflation in an economy is zero.
C) Inflation in an economy results in prices doubling within 3 years.
D) Inflation in an economy results in prices doubling within 1 year.
Correct Answer:
Verified
Correct Answer:
Verified
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