There is no causality relation between Boot O Absolute PPP does not imply relative PPP 1 pts D Question 12 Under the monetary approach to the exchange rate a rise in the money supply will cause currency depreciation. O a rise in the money supply will cause depreciation. O a reduction in the money supply will cause immediate currency depreciation. O a rise in the money supply will cause immediate currency appreciation. O a rise in the money supply will cause immediate currency depreciation. 1 pts Question 13