Multiple Choice
The price of a basket of goods is $2000 in the U.S.If purchasing-power parity holds,and the dollar buys two units of some country's currency,then how many units of foreign currency does the same basket of goods cost in that country?
A) 4000
B) 2000
C) 1000
D) None of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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