Which of the Following Statements Best Defines Hyperinflation

question 23

Multiple Choice

Which of the following statements best defines hyperinflation?

• A) The annual rate of inflation in an economy is negative.
• B) The annual rate of inflation in an economy is zero.
• C) Inflation in an economy results in prices doubling within 3 years.
• D) Inflation in an economy results in prices doubling within 1 year.

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Definitions:

Internally

Refers to something happening or existing within an organization, system, or entity rather than involving external factors.

Podcasting

The production and distribution of audio or video episodes that audiences can download or stream online.

Video Content

Video content refers to any content format that uses moving images, such as live-action video, animations, or motion graphics, to communicate messages, tell stories, or provide information.

Broadcasting

The transmission of audio or video content to a dispersed audience via any electronic mass communication medium, typically encompassing radio, television, and the internet.