Read the paper Hyperinflation in Zimbabwe that was published by the Federal Reserve Bank of Dallas, then write a 1-page (double-spaced) paper that addresses (i) the events that initiated the hyperinflationary episode, (ii) discusses how the hyperinflation changed the demand for real money balances and (iii) examines how this change in the demand for real money balances itself further perpetuated and exacerbated the hyperinflation in Zimbabwe in 2008. Be sure to use the quantity equation (or its percent-change form) in order to properly account for each factor that caused and/or perpetuated the Zimbabwe hyperinflation.
