Question
Define purchasing power parity (PPP) and reason why a good or service should cost about the same in one economy as in another. Does it
Define purchasing power parity (PPP) and reason why a good or service should cost about the same in one economy as in another. Does it seem like the law of one price in a perfectly competitive market? How do you think PPP is related to the theory of comparative advantage?
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
