Register

During periods of hyperinflation, which of the following is the most likely response of consumers? a. Save as much as possible b. Spend money as fast as possible c. Invest as mu…

During periods of hyperinflation, which of the following is the most likely response of consumers? a. Save as much as possible b. Spend money as fast as possible c. Invest as mu…
48.8k views
0 votes
During periods of hyperinflation, which of the following is the most likely response of consumers?

a. Save as much as possible
b. Spend money as fast as possible
c. Invest as much as possible
d. Lend money

User Jake
by
8.0k points

1 Answer

1 vote
Answer is b

During periods of hyperinflation, money loses its value rapidly. Therefore the best course of action is to spend it as quickly as possible before it loses even more value.
User Gdubs
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!