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In the 1920s, the value of the German mark fell dramatically. In June 1922, a U.S. dollar could buy 320 marks; by December of that
In the 1920s, the value of the German mark fell dramatically. In June 1922, a U.S. dollar could buy 320 marks; by December of that same year, it could buy 8,000 marks. What is the economic term for a very high rate of inflation such as the one experienced by Germany in the 1920s? Hyperinflation Inflation Disinflation Deflation\
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
