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Discuss the failure of PPP theory to predict exchange rates accurately. What is the purchasing power puzzle?
Fundamental Alteration
A significant change that fundamentally modifies the nature of something, often used in legal and policy contexts to describe changes that affect the essence of a policy, practice, or procedure.
Mass Immigration
The large-scale movement of people from one country to reside in another country, often causing significant demographic and social impacts.
Integrate
The process of combining or coordinating separate elements into a unified whole, commonly used in the context of social, cultural, or system inclusion.
Refugees
Individuals who flee their country due to persecution, war, or violence, seeking safety and asylum in a foreign land.
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