which is the best definition of hyperinflation?\no a gradual decrease in the price of goods and services\no…
which is the best definition of hyperinflation?\no a gradual decrease in the price of goods and services\no a gradual increase in the price of goods and services\no an exponential decrease in the price of goods and services\no an exponential increase in the price of goods and services
Answer
Brief Explanations:
Hyperinflation is characterized by extremely rapid and out - of - control price increases. An exponential increase in the price of goods and services describes this extreme and accelerating price rise. A gradual decrease is deflation, a gradual increase is normal inflation, and an exponential decrease is not a typical economic phenomenon related to hyperinflation.
Answer:
an exponential increase in the price of goods and services