According to Purchasing-Power Parity,if It Took 1,100 Korean Won to Buy

question 59

Multiple Choice

According to purchasing-power parity,if it took 1,100 Korean Won to buy a dollar this year,but it took 1,000 to buy it last year,then the dollar has

• A)appreciated,indicating inflation was higher in the U.S.than in Korea.
• B)appreciated indicating inflation was lower in the U.S.than in Korea.
• C)depreciated indicating inflation was higher in the U.S.than in Korea.
• D)depreciated indicating inflation was lower in the U.S.than in Korea.

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