Question
Multiple Select Question
Select all that apply
Which of the following is a result of hyperinflation?
Multiple select question.
An economy may experience rapid growth
The value of a currency appreciates
The value of a currency depreciates
An economy may revert to barter
Select all that apply
Which of the following is a result of hyperinflation?
Multiple select question.
An economy may experience rapid growth
The value of a currency appreciates
The value of a currency depreciates
An economy may revert to barter
Answers
GPT-4o mini
The correct options that apply as results of hyperinflation are:
- The value of a currency depreciates
- An economy may revert to barter
Hyperinflation typically leads to a rapid decrease in the purchasing power of currency, resulting in depreciation. In extreme cases, people may resort to bartering if the currency becomes unreliable. The other options (rapid growth and appreciation of currency) do not align with the characteristics of hyperinflation.
- The value of a currency depreciates
- An economy may revert to barter
Hyperinflation typically leads to a rapid decrease in the purchasing power of currency, resulting in depreciation. In extreme cases, people may resort to bartering if the currency becomes unreliable. The other options (rapid growth and appreciation of currency) do not align with the characteristics of hyperinflation.