During the past year, the consumer price indexes (CPI) of the United States and the Euro-zone rose

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During the past year, the consumer price indexes (CPI) of the United States and the Euro-zone rose by 1 percent and 3.5 percent, respectively. If PPP holds, what is the percentage change in the value of the EUR over the same time period?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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