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7. Assume that the current spot rate for the Moroccan dirham (MAD) is $0.1095. If the U.S. experiences an inflation rate of 5% while Morocco

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7. Assume that the current spot rate for the Moroccan dirham (MAD) is $0.1095. If the U.S. experiences an inflation rate of 5% while Morocco experiences an inflation rate of 2%, according to relative purchasing power parity how will the spot rate adjust (i.e., what will the new spot rate be to four decimal places)

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