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What do you understand by hyper inflation? - Economic Applications

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Questions

What do you understand by hyper inflation?

What is hyper-inflation? 

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Solution

When prices rise very fast at double or triple digit rates from more than 20% to 100% per annum or more it called hyper inflation.

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Chapter 10: Inflation - QUESTIONS [Page 225]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 10 Inflation
QUESTIONS | Q 7. | Page 225
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 10 Inflation
QUESTION BANK | Q 5. | Page 226
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 13 Inflation
QUESTION BANK | Q 4. | Page 201
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