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Purchasing Power Parity (A). If Argentina official exchange rate stands at ARS 9 = US$1 and it experiences an annual rate of inflation of 26%

Purchasing Power Parity (A). If Argentina official exchange rate stands at ARS 9 = US$1 and it experiences an annual rate of inflation of 26% whereas the United States' inflation rate is only 1% what should be its exchange rate one year later according to Purchasing Power Parity? Question 5 options: ARS 9 = US$1 ARS 6.75 = US$1 ARS 11.25 = US$1 None of the above

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