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You can exchange $1 for 0.58 currently. Assume that the average inflation rate in the U.S. over the next four years will be 4.2% annually
You can exchange $1 for 0.58 currently. Assume that the average inflation rate in the U.S. over the next four years will be 4.2% annually as compared to 5.3% in the U.K. Based on relative purchasing power parity, you should expect the _____ over the next 4 years.
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