Question: please explain thoroughly If the price level recently increased by 20% in England while falling by 5% in the United States, how much must the

please explain thoroughly
please explain thoroughly If the price level recently increased by 20% in

If the price level recently increased by 20% in England while falling by 5% in the United States, how much must the exchange rate change if PPP holds? Assume that the current exchange rate is 0.55 pounds per dollar

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