Extremely High Rates of Inflation Such as That Experienced by Nicaragua

question 198

Multiple Choice

Extremely high rates of inflation such as that experienced by Nicaragua in the 1980s are described as

• A)deflation.
• B)hyperinflation.
• C)disinflation.
• D)inflation.
• E)stagflation.

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Definitions:

Domestic Market

The domestic market pertains to the commercial activities and transactions within a country's borders, excluding international trade.

Technological Base

Refers to the foundation of technology, including the knowledge, tools, and processes that support the economic and industrial development of a country or region.

Foreign Aid

Financial or material assistance provided by one country to another, often for developmental purposes.

Private Channels

Means of communication or distribution that are owned and operated by non-governmental entities.