Multiple Choice
According to purchasing-power parity,if it took 55 Indian rupees to buy a dollar today,but it took 58 to buy it a year ago,then the dollar has
A) appreciated,indicating inflation was higher in the U.S.than in India.
B) appreciated,indicating inflation was lower in the U.S.than in India.
C) depreciated,indicating inflation was higher in the U.S.than in India.
D) depreciated,indicating inflation was lower in the U.S.than in India.
Correct Answer:
Verified
Correct Answer:
Verified
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