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a. The Chilean inflation rate is 11.6% and the US inflation rate is 4.1%. One year ago, the exchange rate was 0.011 USD per Chilean
a. The Chilean inflation rate is 11.6% and the US inflation rate is 4.1%. One year ago, the exchange rate was 0.011 USD per Chilean peso. If the Law of One Price holds, what would you expect the current USD per Chilean peso exchange rate to be
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
