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If inflation in Turkey is continually 6 percentage points higher than inflation outside Turkey, then the purchasing power parity (PPP) theory predicts that the Group
If inflation in Turkey is continually 6 percentage points higher than inflation outside Turkey, then the purchasing power parity (PPP) theory predicts that the
Group of answer choices
A) Turkish lira would depreciate in nominal terms, but appreciate in real terms
B) Turkish lira would depreciate in nominal terms, and depreciate in real terms
C) Turkish lira would depreciate in nominal terms, but be unaffected in real terms.
D) Turkish lira would hardly be affected in either nominal or real terms.
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