paper2 - Inflation Hyperinflation The term hyperinflation...

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Inflation Hyperinflation The term hyperinflation refers to a very rapid, very large increase in the price level.  Measurement problems will be too minor to notice on this scale. There is no strict formal definition for the  term, but cases of hyperinflation tend to be expressed in terms of multiples rather than percentages. For  example, in Germany between January 1922 and November 1923 (less than two years!) the average price  level increased by a factor of about 20 billion. Some representative examples of hyperinflation include  Hyperinflation 1922 Germany 5,000% 1985 Bolivia *10,000% 1989 Argentina 3,100% 1990 Peru 7,500%  1993 Brazil 2,100% 1993 Ukraine 5,000% These quotations from other web pages are given mainly as  examples of what people have in mind when they talk about hyperinflation, and I cannot say just how  accurate the figures are. In any case, figures for the purchasing power lost in hyperinflations can only be  rough estimates. Numismatics (coin and currency collecting) gives some examples of just how far 
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This note was uploaded on 04/03/2008 for the course ENGL 101 taught by Professor Robert during the Fall '07 term at University of Arizona- Tucson.

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paper2 - Inflation Hyperinflation The term hyperinflation...

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