If the Purchasing Power Parity Theory Were Literally True, _____

question 162

Multiple Choice

If the purchasing power parity theory were literally true, _____

• A) we would see some nations devaluing their currencies relative to the U.S. dollar, while other nations would revalue their currencies.
• B) the price of a traded good would be the same everywhere in the world.
• C) the price of a Big Mac would be different everywhere in the world.
• D) the exchange rate would be the same between all countries.
• E) prices would tend toward equality with exchange rates.

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