Question: Choose an inappropriate statement on purchasing power parity (PPP). the prices of standard commodity baskets in twp countries are not related. the exchange rate between

Choose an inappropriate statement on purchasing power parity (PPP). the prices of standard commodity baskets in twp countries are not related. the exchange rate between currencies of two countries should be equal to the ratio of the countries' price levels. none of the options. as the purchasing power of a currency sharply declines due to hyperinflation that currency will depreciate against stable currencies. PPP is based on the assumption of the law of one price

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