According to Purchasing-Power Parity, If Prices in the United States

question 288

Multiple Choice

According to purchasing-power parity, if prices in the United States increase by a smaller percentage than prices in Poland, then

• A)the real exchange defined as Polish goods per unit of U.S. goods rises.
• B)the real exchange defined as Polish goods per unit of U.S. goods falls.
• C)the nominal exchange rate defined as Polish currency per dollar rises.
• D)the nominal exchange rate defined as Polish currency per dollar falls.

---

Definitions:

Libel

A published false statement that is damaging to a person's reputation; a written defamation.

Slander

A form of defamation characterized by spoken statements that are false and damaging to an individual's reputation.

Political Cartoonist

An artist or illustrator who creates cartoons that comment on political events, figures, and issues, often using satire.

Defamation

The act of damaging someone's reputation through false statements.