Hyperinflation in Developing Nations (Article Sample)
We would like you to write a short essay on the topic: Hyperinflation in Developing Nations. (Include at least one academic source, use Harvard formatting, word count 500 words +-10%).
Please, make sure it corresponds to the following requirements:
- At least 500 words long
- 12pt font, Times New Roman or Arial
- Double-spaced
- 1-inch margins on all sides
Your sample paper will be evaluated based on structure, vocabulary, grammar, spelling, and flow of ideas.
Please, make sure all the sources are properly cited. We do not tolerate plagiarism in any form.
HYPERINFLATION IN DEVELOPING COUNTRIES
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Hyperinflation in Developing Countries
In economics, hyperinflation occurs when a country's inflation rate rises by more than 50% in a single month. During hyperinflation, price levels reach astronomical levels, production expenses skyrocket, poverty is prevalent, and the national debt balloons, causing the economy to fail. Because many rising and developing economies are beset with political uncertainties and inept financial institutions, the risk of hyperinflation is always high. For instance, the Zimbabwean government's economic and political corruption fueled the country's 2008 hyperinflation. The leading causes of hyperinflation in developing nations are demand-pull inflation and increased money supply, while its economic consequences include currency depreciation, market collapse, and rising poverty levels.
The two leading causes of hyperinflation in developing countries are demand-pull inflation and increased money supply. Demand-pull inflation occurs when demand exceeds supply (Amadeo, K. 2020). As a result, commodity prices skyrocket, and people hoard commodities to minimize their spending, creating further shortages. Nonetheless, demand-pull
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