Question: no explanation is needed~ Time Limit: 1:00:00 Time Left:0:22:24 Casey Rosenberg: Attempt 1 X Page 1: Question 22. (3 points) In April 2020, one US

no explanation is needed~ Time Limit: 1:00:00 Time Left:0:22:24 Casey Rosenberg:

no explanation is needed~

Time Limit: 1:00:00 Time Left:0:22:24 Casey Rosenberg: Attempt 1 X Page 1: Question 22. (3 points) In April 2020, one US dollar could buy about 25 Mexican pesos. In April 2021 a dollar bought about 20 Mexican pesos. We can say that the dollar Page 2: against the peso. If PPP held at both times, which country must have had more inflation? N O depreciated; the US. Page 3: O appreciated; the U.S. 3 O appreciated; Mexico. Page 4: depreciated; Mexico. 4 Page 22 of 30 Previous Page Next Page Page 5: Submit Quiz 16 of 30 questions saved

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