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Let the inflation rate in Belize be 3.3%. At the same time, the inflation rate in the U.S. is 2.9%. According to PPP, the Belize
- Let the inflation rate in Belize be 3.3%. At the same time, the inflation rate in the U.S. is 2.9%. According to PPP, the Belize dollar (BBD) should ___________ by _________%.
| a. | depreciate; 0.387% |
|
| b. | appreciate; 1.387% |
|
| c. | depreciate; 1.387% |
|
| d. | appreciate; 0.387% |
|
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