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Tariffs, non-traded goods and imperfect competition are all reasons why a. the quantity theory of money may not hold in the short run b. relative

Tariffs, non-traded goods and imperfect competition are all reasons why

a.

the quantity theory of money may not hold in the short run

b.

relative PPP may not hold even if the quantity theory of money is true

c.

the quantity theory of money may not hold even if relative PPP is true

d.

absolute PPP may not hold in the short run

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