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6. One Australian dollar isworth.67U.S.dollar(1AUD=.67USD).A hotel room in Sydney costs 300 AUD. The hotel is a chain and it offers the same size and style
6. One Australian dollar isworth.67U.S.dollar(1AUD=.67USD).A hotel room in Sydney costs 300 AUD. The hotel is a chain and it offers the same size and style room in San Francisco for 233 USD. If these prices are representative of the purchasing power of the two countries and purchasing power parity will eventually hold, which currency should appreciate? _________(Show your work and briefly explain how it supports your answer).
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