3) Inflation in Venezuela has been very high for more than 20 years following the election of the Chavez government in 1998

Finance Nov 19, 2020

3) Inflation in Venezuela has been very high for more than 20 years following the election of the Chavez government in 1998. Explain the reasons for the hyperinflation. How do people manage to live in this environment? Canada is also an oil-exporting country heavily dependent on international trade. Could this sort of inflation ever happen in Canada? Why or why not'? (Make sure to support your argument using numerical data).

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