Multiple Choice
Which of the following is not a consequence of hyperinflation?
A) Money's function as a medium of exchange is enhanced.
B) Money loses value so rapidly that firms and individuals stop holding it.
C) It causes an economy to suffer slow growth.
D) The price level grows in excess of hundreds of percentage points per year.
E) Money's function as a store of value is destroyed.
Correct Answer:
Verified
Correct Answer:
Verified
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