If the inflation rate in Argentina is 10% and the inflation rate in Brazil is 8%, then the relative PPP theory predicts that __________________

a. Brazilian real should appreciate by 1.85% relative to the Argentine peso. b. Argentine peso should depreciate by 1.85% relative to the Brazilian real. c. Brazilian Real should depreciate by 1.85% relative to the Argentine peso. d. Argentine peso should appreciate by 1.85% relative to the Brazilian real.