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2 December, 04:00

Which term describes the economic status when prices are rising faster than wages?

A. Recovery B. Stagflation C. Depression D. Hyperflation

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  1. 2 December, 06:50
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    economic status when prices are rising faster than wages is called: D. Hyperinflation

    Hyperinflation usually caused by the rapid reduction in the country's real currency value. Because the currency value diminished, the sellers need to increase the selling price in order to get the usual value of profit.
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