During Hyperinflations

question 9

Multiple Choice

During hyperinflations

• A)the value of money rises rapidly.
• B)money no longer functions as a good store of value and people may resort to barter transactions on a much larger scale.
• C)middle-class savers benefit as prices rise.
• D)money's value remains fixed to the price level;that is,if prices double so does the value of money.

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Definitions:

Social Security

A governmental program designed to provide financial assistance to elderly, disabled, and survivors through retirement benefits, disability insurance, and other means.

Americans Working

The portion of the U.S. population engaged in employment, reflecting the labor force's health and economic activity levels.

Depression

An extended period of significant economic downturn, characterized by a substantial decrease in economic activity, high unemployment, and deflation.

New Deal

A collection of initiatives, including public projects, economic reforms, and regulations, implemented in the United States by President Franklin D. Roosevelt in the 1930s, aimed at aiding the recovery from the Great Depression.