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Assume that the inflation rate in Singapore is 8%, while the inflation rate in the U.S. is 3%. According to PPP, the Singapore dollar should

Assume that the inflation rate in Singapore is 8%, while the inflation rate in the U.S. is 3%. According to PPP, the Singapore dollar should ____ by ____%.

appreciate; 4.63

depreciate; 3,11

appreciate; 3.11

depreciate; 4.63

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