The theory of purchasing-power parity says that higher inflation in a nation causes the nations currency to

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The theory of purchasing-power parity says that higher inflation in a nation causes the nation’s currency to _________, leaving the _________ exchange rate unchanged.

a. appreciate; nominal

b. appreciate; real

c. depreciate; nominal

d. depreciate; real

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Brief Principles Of Macroeconomics

ISBN: 9780357133507

9th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 28, 2024 04:01 AM

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The theory of purchasing-power parity says that higher inflation in a nation causes the nations currency to

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Brief Principles Of Macroeconomics

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