Multiple Choice
Assume the exchange rate is about 292 Kazakhstan tenge per dollar. According to purchasing-power parity, when would this exchange rate rise?
A) if the price level in either Canada or Kazakhstan rose
B) if the price level in either Canada or Kazakhstan fell
C) if the price level in Canada rose or the price level in Kazakhstan fell
D) if the price level in Canada fell or the price level in Kazakhstan rose
Correct Answer:
Verified
Correct Answer:
Verified
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