Explain hyperinflation or runaway inflation

Reference no: EM133412299

Assignment:

Answer the each of the following questions in no more than two paragraphs PER QUESTION.

You will be required to do some reading and research on the interest to answer these questions, so please do not leave it until the last minute.

Questions

1. Looking on the Statistics Canada Website find the data pertaining to the consumer price index and unemployment.

Look at inflation rates since 1990. Provide a summary of the rates. Is there a trend, does the rate fluctuate, or is it similar each year?
How has the employment participation rate changed in Canada over the past 50 years? If so, why do you think that is the case?
How does underemployment affect the reported official rate of unemployment?

2. Provide detailed explanations regarding demand and supply to explain the following events regarding the air travel market:

Expectations of decreases in incomes of households.
A substantial decrease in the price of aircraft fuel.
An increase in the number of airline workers who have returned after recovering from Covid-19.

3. Canada's unemployment rate is lower now than it has been for years. Answer the following regarding unemployment concepts:

Explain hyperinflation or runaway inflation.
Provide one historical example of hyperinflation.
How do you think it was caused?

Reference no: EM133412299

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