If Purchasing-Power Parity Holds,a Dollar Will Buy

question 72

Multiple Choice

If purchasing-power parity holds,a dollar will buy

• A)one unit of each foreign currency.
• B)foreign currency equal to the U.S.price level divided by the foreign country's price level.
• C)enough foreign currency to buy as many goods as it does in the United States.
• D)None of the above is implied by purchasing-power parity.

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