The PPP Theory Is Most Useful in Predicting

question 37

Multiple Choice

The PPP theory is most useful in predicting:

• A)short-run changes in the exchange rate for a country that mainly produces heavily-traded standardized goods.
• B)long-run changes in the exchange rate for a country that mainly produces heavily-traded standardized goods.
• C)short-run changes in the exchange rate for a country that mainly produces lightly-traded standardized goods.
• D)long-run changes in the exchange rate for a country that mainly produces lightly-traded non-standardized goods.

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