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Question
which is the best definition of hyperinflation? a gradual decrease in the price of goods and services a gradual increase in the price of goods and services an exponential decrease in the price of goods and services an exponential increase in the price of goods and services
Hyperinflation is an extreme, rapid form of inflation. A gradual price decrease is deflation, a gradual price increase is standard inflation, and an exponential price decrease is severe deflation. Only exponential, very rapid price increases fit hyperinflation.
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an exponential increase in the price of goods and services