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Question
The phenomenon of excessive rise in prices is called
The phenomenon of excessive rise in prices is called
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Solution
The correct option is C hyperinflation
Hyperinflation is a condition where the price of everything in a national economy goes out of control and increases very quickly. After the First World War, Germany went through one of the worst periods of hyperinflation in history. The excessive printing of currency triggered this by the government.
Hyperinflation is a condition where the price of everything in a national economy goes out of control and increases very quickly. After the First World War, Germany went through one of the worst periods of hyperinflation in history. The excessive printing of currency triggered this by the government.
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