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    Exam 13: Exchange Rates, business Cycles, and Macroeconomic Policy in the Open Economy
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    Empirical Evidence Shows That in the Short Run,purchasing Power Parity
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Empirical Evidence Shows That in the Short Run,purchasing Power Parity

Question 72

Question 72

Multiple Choice

Empirical evidence shows that in the short run,purchasing power parity ________,and in the long run,purchasing power parity ________.


A) holds; does not hold
B) holds; holds
C) does not hold; holds
D) does not hold; does not hold

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