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Which of the following are consequences of hyperinflation? Check all that apply. People cash their wages more quickly. Wages and prices spiral upward. People are
Which of the following are consequences of hyperinflation?Check all that apply.
People cash their wages more quickly.
Wages and prices spiral upward.
People are more willing to keep currency as an asset instead of spending it.
Lending money generates a higher real return because nominal interest rates are higher.
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