@charlotte123

Which term describes the economic status when prices are rising faster than wages?

A. Depression
B. Hyperflation
C. Recovery
D. Stagflation

Question

@charlotte123 

Which term describes the economic status when prices are rising faster than wages?

 		A.	Depression
 		B.	Hyperflation
 		C.	Recovery
 		D.	Stagflation

anonymous · Answer

b or  c?

charlotte123 · Answer

Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.

charlotte123 · Answer

Prices rising faster than wages - Not Recovery

anonymous · Answer

b?

charlotte123 · Answer

Stagflation: A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

anonymous · Answer

Hyperflation

anonymous · Answer

ooooooo @charlotte123

charlotte123 · Answer

Sounds like depression too >.>

charlotte123 · Answer

Hmm...............I would have to say Hyperflation though - Due to the definition and given situation -

charlotte123 · Answer

Thank you! Take care and Good Luck :D