Someone tells you that the real exchange rate between the US and Canada for oil is 1.05,
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Someone tells you that the real exchange rate between the US and Canada for oil is 1.05, and for houses 1.3. Given your understanding of purchasing power parity, does this seem reasonable?
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ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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