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Question 19 (4 points) Under the theory of purchasing power parity, if U.S. price level rises by 10%, all else constant, the Yen depreciates by
Question 19 (4 points) Under the theory of purchasing power parity, if U.S. price level rises by 10%, all else constant, the Yen depreciates by 10% none of the answers are correct the U.S. Dollar appreciates by 10%. the U.S. Dollar depreciates by 10% Question 20 (4 points) If an Italian wine sells for 20 Euros; 1 Euro is worth $1.14. then the dollar price of the wine is $20.00 $22.8 $17.54 $12,50
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