The United Arab Emirates dirham (AED) has been pegged to the 1 US dollar = 3.6725 dirhams since 1997. Suppose all international parity conditions hold. 17. What must be the relation between the inflation rate in the US and the inflation rate in the United Arab Emirates (UAE)? _____________. (a) Inflation rate in the US and inflation rate in the UAE must be the same. (b) Inflation rate in the US must be higher. (c) Inflation rate in the US must be lower. (d) There is no clear relation