Empirical Evidence Shows That in the Short Run,purchasing Power Parity

question 72

Multiple Choice

Empirical evidence shows that in the short run,purchasing power parity ________,and in the long run,purchasing power parity ________.

• A)holds; does not hold
• B)holds; holds
• C)does not hold; holds
• D)does not hold; does not hold

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Definitions:

Insta Bank

A digital or online bank providing instant access to banking services primarily through mobile apps.

Smartphone Apps

Software applications designed to run on smartphones, offering a wide range of functionalities from productivity to entertainment.

Transactions

the exchange of goods, services, or funds between two or more parties.

Maintain

To keep something in its existing state or condition, ensuring its preservation or continuation over time.