which is the best definition of hyperinflation?\n a gradual decrease in the price of goods and services\n a…
which is the best definition of hyperinflation?\n a gradual decrease in the price of goods and services\n a gradual increase in the price of goods and services\n an exponential decrease in the price of goods and services\n an exponential increase in the price of goods and services
Answer
Brief Explanations:
Hyper - inflation is characterized by extremely rapid and out - of - control price increases. An exponential increase in the price of goods and services best describes this phenomenon. A gradual increase is just normal inflation, and decreases are deflationary concepts.
Answer:
an exponential increase in the price of goods and services