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According to relative purchasing power parity, if the inflation rate in Italy was 8% and the inflation rate in Israel was 6%, A. the Italian
According to relative purchasing power parity, if the inflation rate in Italy was 8% and the inflation rate in Israel was 6%,
A. the Italian lira should fall 6%. B. the Italian lira should fall 8%.C. the Italian lira should fall 2%. D. the Italian lira should rise 2%. E. the Italian lira should rise 8%.
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