Question
Question 5(1 point) Suppose that the depreciation of E A/B was 7% over the past year, and prices in country A increased by 4% from
Question 5(1 point)
Suppose that the depreciation of EA/Bwas 7% over the past year, and prices in country A increased by 4% from this time last year. Assuming relative PPP holds, what was the rate of inflation in country B from this time last year? Enter your answer as a percent but do not include the percent sign in your answer.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
