During the Hyperinflation in Zimbabwe Early in This Century, Which

question 48

Multiple Choice

During the hyperinflation in Zimbabwe early in this century, which of the following was TRUE?

• A)in 2006, the inflation rate reached 1,200 percent
• B)in 2004, the inflation rate reached 600 percent
• C)between January, 2004 and January, 2005, the rate of inflation was cut by 400 percent
• D)in November, 2008, the rate of inflation was about 100 percent a day
• E)all of the above

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Definitions:

Parity

The state of being equal or equivalent in terms of value, status, or quantity.

Government Price Supports

Financial subsidies or regulation mechanisms employed by governments to maintain the market price of a commodity or service above market level.

Rationale

The underlying reason or logical basis for a decision, action, or belief, often used in argumentation or analysis.

Freedom To Farm Act

A law passed in 1996 that revamped 60 years of U.S. farm policy by ending price supports and acreage allotments for wheat, corn, barley, oats, sorghum, rye, cotton, and rice.