True/False
Suppose purchasing power parity (PPP) depends only on hamburgers. The exchange rate is C$1.00 = US$0.70 and hamburger prices are C$2.00 in Canada and US$1.50 in the U.S. PPP suggests that the exchange rate is undervalued.
Correct Answer:
Verified
Correct Answer:
Verified
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Q16: Suppose purchasing power parity (PPP) depends only
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Q19: Purchasing power parity assumes all products and