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​A Widget Costs $50 in the US and CAD$53 in Canada.The

Question 38

Multiple Choice

​A widget costs $50 in the US and CAD$53 in Canada.The current exchange rate is 1USD=1.09CAD.Given purchasing power parity,the Canadian dollar would_______to equilibrate prices


A) ​Appreciate
B) Depreciate
C) Not change
D) ​None of the above

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