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Which one of the following situations is consistent with a real depreciation of the pound against the dollar? The market exchange rate (dollars per pound)

Which one of the following situations is consistent with a real depreciation of the pound against the dollar?

The market exchange rate (dollars per pound) increased while the PPP based exchange rate (dollars per pound) remained constant.

The market exchange rate (dollars per pound) increased while the PPP based exchange rate (dollars per pound) decreased.

The market exchange rate (dollars per pound) remained constant while the PPP based exchange rate decreased.

The market exchange rate (dollars per pound) remained constant while the PPP based exchange rate increased.

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