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Walter Miller identified the unique conduct norms (focal concerns) that help define lower-class culture. Identify and use Miller's focal concerns to explain how cultural deviance theory combines the effects of social disorganization and strain theories.
Exchange Rate
The price of one country's currency in terms of another currency or currencies.
Inflation
The pace at which prices for a wide range of goods and services elevate, depreciating the power to purchase.
Exchange Rate
The rate at which one currency can be exchanged for another.
Relative Purchasing Power Parity
An economic theory that suggests the rates of inflation between two countries will affect the exchange rate between their two currencies.
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