Asked by Preanna Williams on Jul 09, 2024
Verified
Hyperinflations are associated with governments printing money to finance expenditures.
Hyperinflations
Extremely high and typically accelerating inflation rates, drastically eroding the real value of the local currency.
- Recognize the effects of hyperinflation on the economy and governmental roles in instigating it.
Verified Answer
JY
Jazmine YvetteJul 14, 2024
Final Answer :
True
Explanation :
Hyperinflations often occur when governments face budget deficits and resort to printing large amounts of money to finance their expenditures, leading to a rapid increase in the money supply and a consequent decrease in the value of the currency.
Learning Objectives
- Recognize the effects of hyperinflation on the economy and governmental roles in instigating it.
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