Suppose That U

question 101

Multiple Choice

Suppose that U.S.and British inflation rates are equal,and $2 exchanges for 1 British pound.Then if U.S.inflation slows down relative to British inflation,the PPP theory predicts ________ of the dollar,so that the pound will cost ________ than $2.

• A)an appreciation,more
• B)an appreciation,less
• C)a depreciation,more
• D)a depreciation,less

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