Evidence on Hyperinflationary Periods Indicates

Multiple Choice

Evidence on hyperinflationary periods indicates:

A) a complete breakdown of the monetary exchange rate theory in the short run.
B) that it takes longer for monetary and price level swings to show up in the exchange rate data.
C) that the relationship between high inflation and exchange depreciation is much tighter even in the short run.
D) that the government's inability to control monetary growth led to the currency becoming completely worthless domestically but, ironically, more valuable outside the nation.