According to the Principle of Purchasing Power Parity, the 2001

Multiple Choice

According to the principle of purchasing power parity, the 2001 devaluation of the Argentine peso:

A) increased the inflation rate in Argentina relative to the inflation rate in the United States.
B) made Argentine imports from the United States cheaper.
C) decreased the inflation rate in Argentina relative to the inflation rate in the United States.
D) had no impact on the Argentine inflation rate.