13. If the price level recently increased by 20% in Eng- land while falling by 5% in...
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13. If the price level recently increased by 20% in Eng- land while falling by 5% in the United States, how much must the exchange rate change if PPP holds? Assume that the current exchange rate is 0.55 pound per dollar.
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Related Book For
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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