Venezuelans started buying items immediately because of their fear of rising inflation. price deflation. declining inflation. increased imports.

Answers 3

Answer:

Rising inflation.

Explanation:

Answer:

Venezuelans started buying items immediately because of their fear of  rising inflation.

Explanation:

The economy of Venezuela, since the beginning of the Bolivarian Revolution led by Hugo Chavez, has started a process of economic stagnation and inflation, characterized by a high level of public deficit and monetary issue, which has generated increasing levels of inflation.

Thus, by year 2010, Venezuela had an approximate annual inflation of 50%, which rose to the percentage of 100% in 2015. Only 2 years later, that percentage was 1,370%. As of today, estimates speak of 10,000% annually.

This situation, added to the lack of updating of wages and the daily changes in prices of basic goods, means that Venezuelans have changed their consumption habits and tend to make preventive and hoarding purchases.

AI generated Answer

Increased imports. Venezuelans started buying items immediately due to the increased imports, which led to a rise in inflation and a devaluation of the bolívar. This created uncertainty in the Venezuelan economy, causing Venezuelans to rush to buy products and essential goods before prices rose further.
  • Rate an answer:

Do you know an answer? Add it here!

Can't find the answer?

Unable to find an answer to your question?

Don't worry! There are several alternative approaches you can try to resolve your query. Here are some tips to help you find answers in different ways:

  1. Reframe your question: Sometimes, the way you phrase your question can limit your search results. Try rephrasing it using different keywords or providing more context to get better results.
  2. Utilize social media: Post your question on social media platforms, particularly those focused on professional or specialized topics. Twitter, LinkedIn, and Facebook groups can connect you with individuals who may have relevant expertise or experiences to share.
  3. Consult subject matter experts: Reach out to experts in the field related to your question. Many professionals are willing to help and share their knowledge. You can connect with them through email, LinkedIn messages, or by attending relevant conferences or events.
  4. Use our website to find your question through the search box above, or you can sign up to ask your question for our big educational community. Our experts will review your question, and you will get a quick and quality answer.
  5. Collaborate with others: If your question is related to a specific project or problem, consider collaborating with others who might have complementary skills or knowledge. Teamwork can lead to innovative solutions and shared insights.

Remember, the process of finding answers often involves persistence, creativity, and an open mind. By exploring various resources, reaching out to others, and being proactive in your search, you increase your chances of finding the information you need. Happy quest for knowledge!

Login with Google

or

Forgot your password?

I don't have an account, I want to Register

Choose a language and a region
How much to ban the user?
1 hour 1 day 100 years