Which of the following are consequences of hyperinflation? Check all that apply. A.People spend significant time and effort buying goods and services to avoid losing purchasing power. B.People spend money as rapidly as possible. Investors make productive rather than speculative investments. C.Wages and prices spiral downward.
Social Studies · High School · Thu Feb 04 2021
Answered on
The consequences of hyperinflation include A and B:
A. People spend significant time and effort buying goods and services to avoid losing purchasing power.
B. People spend money as rapidly as possible.
However, C is not a consequence of hyperinflation:
C. Wages and prices spiral downward. – This is incorrect because during hyperinflation wages and prices typically spiral upwards, not downwards.