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(1) According to purchasing power parity, high inflation countries tend to experience nominal appreciations. True or False? Explain in no more than two or three

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(1) According to purchasing power parity, high inflation countries tend to experience nominal appreciations. True or False? Explain in no more than two or three sentences. (2.5 points) (2) If purchasing power parity held exactly, then the yen would trade at one yen to the dollar. True or False? Explain in no more than two or three sentences. (2.5 points)

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