Question : Galloping inflation is also known as
Option 1: walking inflation
Option 2: running inflation
Option 3: hyperinflation
Option 4: creeping inflation
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Answer (1)
6th Jan, 2024
Correct Answer: hyperinflation
Solution : The correct option is hyperinflation .
Hyperinflation is another term for galloping inflation. The general level of prices for goods and services in an economy grows uncontrollably during a hyperinflationary process, which results in a fast devaluation of the currency.
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