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Question content area Part 1 If the price level recently increased by 1 7 % in England while falling by 5 % in the United
Question content area Part If the price level recently increased by in England while falling by in the United States, what must be the new exchange rate if PPP holds? Assume that the current exchange rate is pound per dollar. The new exchange rate must be enter your response here pound per dollar. Round your response to two decimal places.
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