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Inflation that is out of control is referred to as
Inflation that is out of control is referred to as
Answer
Hyperinflation refers to inflation that is out of control.
When this happens, a country experiences accelerating rates of inflation that causes its local currency to drop and its population to lose their control of their local money.
Hyperinflation at a long steady rate will create chaos in the economy of a particular country.
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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017
This 20 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 173 views.