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Tidy Tidy
wrote...
Posts: 4852
8 years ago
In 1980, one Zimbabwean dollar was worth 1.47 U.S. dollars. By the end of 2008, the exchange rate was one U.S. dollar to 2 billion Zimbabwean dollars. When an economy experiences rapid increases in the price level such as what occurred in Zimbabwe, the economy is said to experience
A) stagflation.
B) deflation.
C) inflation.
D) hyperinflation.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 229 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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Posts: 3807
8 years ago
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Tidy Author
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8 years ago
Correct Slight Smile TY
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Yesterday
You make an excellent tutor!
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2 hours ago
Good timing, thanks!
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