Which of the following types of inflation is ‘large and accelerating’?
A. Creeping inflation
B. Galloping inflation
C. Hyperinflation
D. None of the above
Answer:C
Which of the following types of inflation is ‘large and accelerating’?
A. Creeping inflation B. Galloping inflation C. Hyperinflation D. None of the above
Explanation: Hyperinflation is ‘large and accelerating’ which might have the annual rates in million or even trillion. In such inflation not only range of increase is very large but the increase takes place in a very short span of time, prices shoot up overnight.