PPP is the macroeconomic counterpart to LOOP. Suppose the assumptions needed for LOOP hold. Are there situations
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PPP is the macroeconomic counterpart to LOOP. Suppose the assumptions needed for LOOP hold. Are there situations in which PPP may not hold when LOOP does? Explain briefly.
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Yes there are situations in which LOOP holds but PPP does not Recall that PPP uses ...View the full answer
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