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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.
appreciate; 0.387%
b.
depreciate; 0.387%
c.
appreciate; 1.387%
d.
depreciate; 1.387%
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