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    Principles of Macroeconomics
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    Exam 12: Open-Economy Macroeconomics: Basic Concepts
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    Suppose That a Canadian Dollar Buys More Silver in Australia
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Suppose That a Canadian Dollar Buys More Silver in Australia

Question 111

Question 111

Essay

Suppose that a Canadian dollar buys more silver in Australia than it buys in Mexico. What does purchasing-power parity imply should happen?

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