Identifying Hyperinflation Scenarios
Which of the following shows an example of hyperinflation?
A
A shirt that initially costs $50 becomes $70 after three month.
B
A watch that initially costs $500 becomes $800 after a year.
C
A pair of socks that initially costs $5 becomes $6 after two months.
D
A book that initially costs $30 becomes $40 at the end of the month.
E
A pen that initially costs $1 becomes $1.75 at the end of the week.