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What is the difference between the Law of One Price (LOOP) and the concept of Purchasing Power Parity (PPP)? Which is more general and would

  • What is the difference between the Law of One Price (LOOP) and the concept of Purchasing Power Parity (PPP)? Which is more general and would a violation of the Law of One Price across a bunch of goods mean that Purchasing Power Parity is also violated?

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