When government intervention makes currency worthless, this condition is called

Asked by maham237 @ in Business viewed by 301 People

When government intervention makes currency worthless, this condition is called
deflation.
hyperinflation.
cost-push inflation.
demand-pull inflation.

Answered by maham237 @


In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.

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