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When PPP holds, the Balassa-Samuelson forecast is: Group of answer choices very useful in predicting real and nominal exchange rate changes. somewhat useful except that

When PPP holds, the Balassa-Samuelson forecast is: Group of answer choices very useful in predicting real and nominal exchange rate changes. somewhat useful except that traders are often unpredictable. not useful because when PPP holds, the real exchange rate is equal to 1. used only for comparisons between low-income nations

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