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Under Purchasing Power Parity, where P is price level and E$/E is exchange rate (the price of USD per EUR) A) ES/P = PUS/PE. B)
Under Purchasing Power Parity, where P is price level and E$/E is exchange rate (the price of USD per EUR) A) ES/P = PUS/PE. B) ES/E = PUS/PE. C) ES/E = PUS - PE. D) ES/E = PE/PES. E) ES/E = PUS + PE. Under Purchasing Power Parity, where Pi is a price for good i. P is price level and E$/E is exchange rate (the price of USD per EUR) A) ES/E = PIUS/PiE. B) ES/E = PIE/PiUS. C) ES/E = PUS/PE. D) ES/E = PE/PES. E) ES/E = PIE + PIUS/PiE
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