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Can Purchasing-Power Parity Be Used to Explain the Fact That

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Essay

Can purchasing-power parity be used to explain the fact that the U.S. dollar has depreciated by more than 50 percent against the German mark between 1970 and 1998, but appreciated by more than 100 percent against the Italian lira during the same period? Defend your answer.


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A strong desire to accomplish significant tasks and reach high standards of success.

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