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WARRIOR
1 month ago
10

In the early 1990s, extremely high inflation rates of 2500% were common in Russia. During that time, we can say that as a result

of those inflation rates, Russia was experiencing ___________________.
a. perpetual inflation
b. ultra inflation
c. hypo inflation
d. hyperinflation
History
2 answers:
marta [1.5K]1 month ago
6 0
Hyperinflation refers to an extremely rapid and increasing inflation rate. It progressively erodes the real value of a country's currency as the prices of all goods rise sharply. Consequently, individuals tend to reduce their currency holdings and may turn to more stable foreign currencies, such as the U.S. dollar. Typically, general price levels escalate more quickly than money supply as people aim to divest themselves of devalued currency rapidly. Hyperinflation is frequently triggered by wars, sociopolitical turmoil, or significant declines in aggregate supply.
irina [1.8K]1 month ago
6 0
The answer is d. Hyperinflation. Russia experienced inflation rates peaking at 2500% in the 1990s, which was classified as hyperinflation, occurring as the nation transitioned from a controlled economy to a market-oriented one, leading to an explosive rise in inflation.
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Answer Details

Grade: High school

Subject: US History

Chapter: Antebellum era

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