According to Purchasing Power Parity, If It Took 3

question 292

Multiple Choice

According to purchasing power parity, if it took 3.5 Israeli Shekels to buy a dollar this year, but it took 4 to buy it last year, then the dollar has

• A)appreciated, indicating inflation was higher in the U.S. than in Israel.
• B)appreciated, indicating inflation was lower in the U.S. than in Israel.
• C)depreciated, indicating inflation was higher in the U.S. than in Israel.
• D)depreciated, indicating inflation was lower in the U.S. than in Israel.

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