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Explain the Logic Behind the Application of the PPP Theory

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Explain the logic behind the application of the PPP theory to explain changes in the spot exchange rate.


Definitions:

Conflict Resolution

A method or process of resolving disagreements or disputes between parties through negotiation, mediation, or other peaceful means.

Task Conflict

Occurs when there are disagreements among team members about the content and outcomes of the task being performed, sometimes leading to innovation but potentially harmful if excessive.

Group Development

A process through which a team evolves over time, typically moving through stages of forming, storming, norming, performing, and adjourning.

Relationship Conflict

Involves personal disagreements and emotional tension between individuals, often detracting from team cohesion.

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