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If the price level recently increased by 15% in England while falling by 7% in the United States, what must be the new exchange rate

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If the price level recently increased by 15% in England while falling by 7% in the United States, what must be the new exchange rate #PPP holds? Assure that the current exchange rate is 0 53 pound per dollar The new exchange rate must be pound per dollar (Round your response to wo decimal places)

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