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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.

Respuesta :

taylorshepherd
B, may not be correct
gauravsingh23VT

People spend money as rapidly as possible. Investors make productive rather than speculative investments are the consequences of hyperinflation.

What are the causes and consequences of hyperinflation?

There are two primary causes and consequences of hyperinflation, one is when the inflation is increase and the purchasing power of the people is high, but it is not supported by the economy growth.

Another one is demand pull inflation, in which the demand is higher than the supply of the material.

Thus, option B is correct

For more details about consequences of hyperinflation, click here:

https://brainly.com/question/22313119

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