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_______ asserts that with freely fluctuating exchange rates, the percentage change in exchange rates from a given base period is equal to the difference between
_______ asserts that with freely fluctuating exchange rates, the percentage change in exchange rates from a given base period is equal to the difference between the percentage changes from the same base period between two countries' price levels. A) Absolute PPP B) IRP C) Relative PPP D) Relative IRP
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Economics
Authors: Gregory Mankiw, Mark P. Taylor
5th Edition
1473768543, 978-1473768543
