The situation with a very high price rise is known as [[1]].

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answer is HYPERINFLATION.

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Detailed Solution

The situation with a very high price rise is known as hyperinflation.
Hyperinflation is a situation when prices rise exceptionally high. For example, the condition existed in Germany in 1923, where the United States of America had bailed out and provided economic support to the country. However, hyperinflation impacted the currency of the German Weimar Republic between 1921 and 1923. This situation happened when there was too much-printed money in circulation, but the number of goods was not at the same proportions. The image of Germans carrying cartloads of currency to buy a loaf of bread gained publicity. Thus it caused a rapid rise in wages and commodities prices in Germany, leading to political instability in the country.

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