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Assume that the spot exchange rate of the British pound is $1.73. How will this spot rate adjust according to PPP if the united Kingdom
Assume that the spot exchange rate of the British pound is $1.73. How will this spot rate adjust according to PPP if the united Kingdom experiences an inflation rate of 7 percent while the United States experiences an inflation rate of 2 percent?
how do i find ef= -.0467 in order to come up with the answer ?
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