Multiple Choice
During hyperinflations
A) the value of money rises rapidly.
B) money no longer functions as a good store of value and people may resort to barter transactions on a much larger scale.
C) middle-class savers benefit as prices rise.
D) money's value remains fixed to the price level;that is,if prices double so does the value of money.
Correct Answer:
Verified
Correct Answer:
Verified
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