Advanced Placement (AP), 15.05.2021 06:40 ladybuggirl400
According to purchasing-power parity, if prices in the United States increase by a larger percentage than prices
in the United Kingdom, then the
a. real exchange rate rises.
b. nominal exchange rate rises.
c. real exchange rate falls.
d. nominal exchange rate falls.
Answers: 1
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According to purchasing-power parity, if prices in the United States increase by a larger percentage...
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