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numerade.com
If the price level recently increased by 20% in England while falling by 5% in the United States, how much must the exchange rate change if PPP holds? Assume that the current
VIDEO ANSWER: The current exchange rate is.55 per dollar and there's been a 20 increase in the price level in England and a 5 decrease in the price of the Unit…
Dec 3, 2022
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