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Is Relative PPP a Useful Equilibrium Concept for Describing General

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Is relative PPP a useful equilibrium concept for describing general trends in exchange rates? Under what kinds of circumstances would the concepts of PPP be best applied?


Definitions:

Meso Compound

A molecule with multiple chiral centers that is superimposable on its mirror image due to an internal plane of symmetry.

Stereochemical Relationship

Stereochemical relationship refers to the spatial orientation and arrangement of atoms or groups within molecules, determining their stereochemistry.

Diastereomers

Stereoisomers that are not mirror images of each other, having two or more stereocenters.

Optical Activity

The property of chiral molecules to rotate plane-polarized light, a phenomenon measured using polarimetry.

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