Asked by
Debbie Donnelly
on Nov 03, 2024
Verified
Which of these is an economic situation characterized by soaring prices?
A) Hyperinflation
B) Deflation
C) Budget surplus
D) Balanced budget
Hyperinflation
Economic situation characterized by soaring prices.
Soaring Prices
A situation where the prices of goods and services rise rapidly and to unusually high levels.
Economic Situation
The state of economic conditions within a region, country, or the globe, encompassing factors like growth rates, employment, inflation, and markets.
- Gain an understanding of the origins, classifications, and consequences of inflation.
Verified Answer
RL
Learning Objectives
- Gain an understanding of the origins, classifications, and consequences of inflation.