12/4/2017 11:00 PM A 45.5/100 Calculator Gradebo -a Periodic Table Question 6 of

Question

12/4/2017 11:00 PM A 45.5/100 Calculator Gradebo -a Periodic Table Question 6 of 11 Map Sapling Learning Which one of the following statements is false with respect to hyperinflation? O When there is hyperinflation, the overall economy is not affected in any significant manner. When there is hyperinflation, firms are unable to get loans. O When there is hyperinflation, banks stop functioning with respect to deposits. Q When there is hyperinflation, workers will demand higher wages because their current wages are not able to buy much. Optin b is not write answer

Explanation / Answer

Solution: When there is a hyperinflation, the overall economy is not affected in any significant manner

Explanation: Hyperinflation occurs where the price rise are so out of control that the concept of inflation become meaningless. Hyperinflation usually has a devastating impact on output and employment because of the extraordinary rapid inflation. Due to it:

--Where there is hyperinflation, firms are unable to get loans

--When there is hyperinflation, banks stop functioning with respect to deposits

-- When there is hyperinflation, workers will demand higher wages because their current wages are not able to buy much ·

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