Examlex
Match the inequality with a graph.
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Real Exchange Rate
The rate at which two currencies can be exchanged after adjusting for inflation differences.
Purchasing-Power Parity
An economic theory stating that in the absence of transaction costs and with efficient markets, equivalent goods should have the same price when converted into a common currency.
Purchasing-Power Parity
A theory which posits that currencies are in equilibrium in terms of exchange rates when the purchasing power in both countries is identical.
Gold
A yellow precious metal valued for its rarity, durability, and use in jewelry, electronics, and as a form of currency.
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