What Two General Conclusions Can Be Made from the Empirical

question 38

Multiple Choice

What two general conclusions can be made from the empirical tests of purchasing power parity (PPP) ?

• A) PPP holds up well over the short run but poorly for the long run and the theory holds better for countries with relatively low rates of inflation.
• B) PPP holds up well over the short run but poorly for the long run and the theory holds better for countries with relatively high rates of inflation.
• C) PPP holds up well over the long run but poorly for the short run and the theory holds better for countries with relatively low rates of inflation.
• D) PPP holds up well over the long run but poorly for the short run and the theory holds better for countries with relatively high rates of inflation.

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