According to Purchasing-Power Parity,inflation in the U

question 18

Multiple Choice

According to purchasing-power parity,inflation in the U.S.causes the dollar to

• A)depreciate relative to all other currencies.
• B)depreciate relative to currencies of countries that have lower inflation rates.
• C)appreciate relative to all other countries.
• D)appreciate relative to currencies of countries that have lower inflation rates.

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