If the price level recently increased by 3 in england while
If the price level recently increased by 3% in England while falling 2% in the United States, how much must the exchange rate change if PPP holds? Assume that the current exchange rate(EUSD/GBP ) is 1.8.
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if the price level recently increased by 3 in england while falling 2 in the united states how much must the exchange
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