International Economics

8- 202122FA me Suppose a year ago the exchange rate between Mexican pesos and dollars was 13.5 ouncements pesos per dollar, and that according to relative PPP the exchange rate was in labus equilibrium. Furthermore, assume that since then, Mexican inflation has been 10% while the U.S. inflation has been 3%. If according to relative PPP the peso dules is now said to be overvalued, what is a possible exchange rate (of pesos per dollar) ades consistent with this assertion? Select all that apply. ople 10 rary Resources 11 OVID Schedule 12 13 0 14 0 15 0 16 0 17