Define purchasing power parity or PPP. Does PPP work well empirically? Explain.

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:53 AM

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Define purchasing power parity or PPP. Does PPP work well empirically? Explain.

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Purchasing power parity PPP is the idea that similar foreign and domestic goods or baskets ...View the full answer

Macroeconomics

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