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    Macroeconomics Study Set 43
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    Exam 18: B: The Balance of Payments and Exchange Rates
  5. Question
    The Purchasing-Power-Parity Theory Holds That Exchange Rates Equate the Purchasing
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The Purchasing-Power-Parity Theory Holds That Exchange Rates Equate the Purchasing

Question 88

Question 88

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The purchasing-power-parity theory holds that exchange rates equate the purchasing power of various currencies.

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