Suppose the Big Macs Are More Expensive in Canada Than

question 107

Multiple Choice

Suppose the Big Macs are more expensive in Canada than in China,when measured by U.S.dollar.According to the purchasing power parity theorem,

• A)the Canadian dollar will appreciate against the Chinese yuan.
• B)the Chinese yuan will appreciate against the Canadian dollar.
• C)the Chinese yuan will depreciate against the Canadian dollar.
• D)both Canadian dollar and the Chinese yuan will depreciate against the U.S.dollar.

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