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Suppose the price of a MacDonald's hamburger is $8 in NYC and $16 euros in Paris. According to the theory of purchasing power parity; thw
Suppose the price of a MacDonald's hamburger is $8 in NYC and $16 euros in Paris. According to the theory of purchasing power parity; thw exchange rate is _____________________ euros per dollar. A. 1/3 B. 1/2 C. 2 D. 3
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