During periods of hyperinflation, which of the following isthe most likely respo

Question

During periods of hyperinflation, which of the following isthe most likely response of consumers? a. save as much as possible b. spend money as fast as possible c. invest as much as possible d. lend money Please tell me why you picked the answer Thanls During periods of hyperinflation, which of the following isthe most likely response of consumers? a. save as much as possible b. spend money as fast as possible c. invest as much as possible d. lend money Please tell me why you picked the answer Thanls Please tell me why you picked the answer Thanls

Explanation / Answer

In economics,hyperinflation is inflation that is very high or "out of control",a condition in which prices increase rapidly as a currency losesits value ~ During periods of hyperinflation, which of the following isthe most likely response of consumers? a. save as much as possible - the money worth less andless b. spend money as fast as possible -this would be the choice c. invest as much as possible - interstrates are usually extremely low, therefore it is good to use moneyto invest d. lend money - interest rates are ususally extremely low, sowould not be worth it because the money lend out would not worththe money taken in

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