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Consider the following data: Date Exchange rate January 2017 EURUSD 1.100 December 2017 EURUSD 1.144 Take the US dollar as the home currency a. According
Consider the following data:
Date Exchange rate
January 2017 EURUSD 1.100
December 2017 EURUSD 1.144
Take the US dollar as the home currency
a. According to Purchasing Power Parity which currency area should have had the
higher rate of inflation in 2017 and by how much?
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