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Question 35 (1 point) Assume the implied PPP exchange rate of the Mexican peso per U.S. dollar is 8.50 according to the Big Mac Index.

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Question 35 (1 point) Assume the implied PPP exchange rate of the Mexican peso per U.S. dollar is 8.50 according to the Big Mac Index. Further, assume the current exchange rate is Ps10.80/$. Thus, according to PPP and the Law of One Price, at the current exchange rate the peso is There is not enough information to answer the question undervalued overvalued correctly valued

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