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If the Purchasing Power Parity (PPP) holds, even in the short run, then: O Quoted exchange rates should remain constant over time O Quoted exchange

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If the Purchasing Power Parity (PPP) holds, even in the short run, then: O Quoted exchange rates should remain constant over time O Quoted exchange rates should decrease over time Real exchange rates should decrease over time O Real exchange rates should remain constant over time Real exchange rates should increase over time

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