Which of the following types of inflation is also known as the hopping inflation?
A. Galloping inflation
B. Creeping inflation
C. Hyperinflation
D. None of the above
Answer:A
Which of the following types of inflation is also known as the hopping inflation?
A. Galloping inflation B. Creeping inflation C. Hyperinflation D. None of the above
Explanation: This is a “very high inflation” running in the range of double-digit or triple digit (i.e. 20%, 100% or 200% a year). In the decades of 1970s and 1980s, many Latin American countries such as Argentina, Chile, and Brazil had such rates of inflation—in the range of 50 to 700 per cent.