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the following questions. (Total 20' ) (1) Explain the definition of hyperinflation. (4' ) (2) Explain the main causes of hyperinflation. (6' ) (3) Currently,
the following questions. (Total 20' ) (1) Explain the definition of hyperinflation. (4' ) (2) Explain the main causes of hyperinflation. (6' ) (3) Currently, domestic prices for cooking oil and bread are soaring in Zimbabwe, with inflation hitting triple digits for the first time since last June. The Zimbabwean government has tried to regulate prices by suspending import duties on basic commodities such as cooking oil, rice and flour. However, Zimbabwe's annual inflation rate rose to 131.7 percent as of May, according to the Zimbabwe Statistics Office. Please try to make suggestions for controlling inflation based on the Phillips curve and Zimbabwe's national conditions, show your reasons. (10' )
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