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https://www.youtube.com/watch?v=5XdYbmova_s&feature=emb_title answer the following question: If, after adjusting for the exchange rate, the price of a Big Mac is less in one country than in
https://www.youtube.com/watch?v=5XdYbmova_s&feature=emb_title
answer the following question:
If, after adjusting for the exchange rate, the price of a Big Mac is less in one country than in the United States, what does that mean for the value of that currency?
A. It is undervalued relative to the dollar.
B. It is overvalued relative to the dollar.
C. The currency is not related to the dollar.
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