Hyperinflation

question 78

Multiple Choice

Hyperinflation

• A) causes the value of a currency to deteriorate so quickly that people become reluctant to hold that currency.
• B) is a situation in which people hoard currency.
• C) is a simultaneous increase in inflation and decrease in the quality of products.
• D) occurred in the United States in the 1970s.
• E) is a synonym for cost-push inflation.

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Definitions:

Service And Product Quality

a measure of the excellence or state of being free from defects, deficiencies, and significant variations, applied to both tangible products and intangible services.

High Technology Software

Advanced computer programs and applications that incorporate cutting-edge technologies and are often used in specialized fields.

CRM

Customer Relationship Management, a technology for managing all your company's relationships and interactions with customers and potential customers.

Older Technologies

Outdated or superseded technological tools or systems still in use within an organization.