Question content area Part 1 If the price level recently increased by 1 6 % in England

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Question:

Question content area

Part

1

If the price level recently increased by

16 %

in England while falling by

3 %

in the United

States, what must be the new exchange rate if PPP

holds? Assume that the current exchange rate is

0.51

pound per dollar.

The new exchange rate must be

enter your response here pound per dollar.

Posted Date: May 18, 2024 10:02 PM

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Question content area Part 1 If the price level recently increased by 1 6 % in England

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