Chapter Four29 Hyperinflation is defined as inflation that exceeds 50 percent per month, which is just over 1percent a day. Costs such as shoe-leather
{"Image DocumentName": "HyperinflationHyperinflation is defined as inflation that exceeds 50 percent per month, which is just over 1percent a day.", "Image ImageDescription": "Costs such as shoe-leather and menu costs are much worse with hyperinflation\u2014and tax systems are grossly distorted. Eventually, when costs become too great with hyperinflation, the money loses its role as store of value, unit of account and medium of exchange. Bartering or using commodity money becomes prevalent.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}