HYPERINFLATION

Hyperinflation

In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of monetary and price inflation, causing the population to minimize their holdings of money. Under such conditions, the general price level within an economy increases rapidly as the official currency quickly loses real value. Meanwhile, the real value of economic items generally stay the same with respect to one another, and remain relatively stable in terms of foreign currencies. This includes the economic items that generally constitute the government's expenses.

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hyperinflation

Noun

  1. A very high rate of Inflation1.


The above text is a snippet from Wiktionary: hyperinflation
and as such is available under the Creative Commons Attribution/Share-Alike License.

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