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Turkey vs. U.S. y=-12.760 + 1.219x R2 = 0.668 Rate of Change of TL/S (e, in % Inf_Turkey - Inf_US (AInf, in %) The above
Turkey vs. U.S. y=-12.760 + 1.219x R2 = 0.668 Rate of Change of TL/S (e, in % Inf_Turkey - Inf_US (AInf, in %) The above scatter plot shows the annual exchange rate changes against the differential inflation rates between Turkey and the United States for the last 20 years. Based on the above scatter plot, the PPP holds for the Turkish lira-U.S. dollar exchange rate" is the previous statement correct? Explain your answer. Turkey vs. U.S. y=-12.760 + 1.219x R2 = 0.668 Rate of Change of TL/S (e, in % Inf_Turkey - Inf_US (AInf, in %) The above scatter plot shows the annual exchange rate changes against the differential inflation rates between Turkey and the United States for the last 20 years. Based on the above scatter plot, the PPP holds for the Turkish lira-U.S. dollar exchange rate" is the previous statement correct? Explain your
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