In Germany in 1923, Prices Doubled Every Two Days and Workers

question 118

Multiple Choice

In Germany in 1923, prices doubled every two days and workers were paid twice a day so they could buy food and goods before prices rose again.This is an example of:

• A)deflation.
• B)foreign currency fluctuation.
• C)inflation.
• D)recession.
• E)shoe leather cost.

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Definitions:

IBM PCs

A reference to the series of personal computers released by IBM starting in 1981, which set the standard for PC architecture.

1980

A year marked by significant events, both culturally and historically, including the eruption of Mount St. Helens and the release of the video game Pac-Man.

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A historical and influential research and scientific development company responsible for notable technological innovations.

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An electronic device that controls electric current flow through a vacuum in a sealed container, used in various applications before the advent of semiconductor devices.