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1.Suppose the absolute purchasing power parity holds in a hypothetical world with three countries: A, B, and C. You are paid in Country A's currency.
1.Suppose the absolute purchasing power parity holds in a hypothetical world with three countries: A, B, and C. You are paid in Country A's currency. Country A has a higher price level than Country B but a lower price than Country C.With the amount of money you have, you will be
A)absolutely happier if you spend your money in Country A.
B)absolutely happier if you spend your money in Country B.
C)absolutely happier if you spend your money in Country C.
D)None of the above.
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