Question

What happens during periods of hyperinflation

Answer 1

The value of money decreases rapidly since there is a lot of it being made. This means that most people's money becomes worthless so your savings could be useless. People usually get really poor.

Answer 2

Price levels soar and the value of money decreases, is the right answer.

Step-by-step explanation:

The term Hyperinflation, in an economy, is used to explain the accelerated, redundant, and out-of-control increase in prices. While inflation is a method of the pace of increasing prices for commodities, hyperinflation is swiftly accelerating inflation. Since the prices of all goods increase during the time of hyperinflation, it disintegrates the real value of the local currency.