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Choose most accurate theory for time trends in exchange rate movements: O absolute PPP predicts best for long run, and relative PPP predicts best for

Choose most accurate theory for time trends in exchange rate movements: O absolute PPP predicts best for long run, and relative PPP predicts best for short run O absolute PPP predicts best for short run, and relative PPP predicts best for long run O absolute PPP predicts best for short run, and relative PPP predicts best for short run O absolute PPP predicts best for long run, and relative PPP predicts best for long run

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