Question: Select all that apply Which statements about relative purchasing power are correct? Multiple select question. It is given by the equation S = P$P .

Select all that apply Which statements about relative purchasing power are correct? Multiple select question. It is given by the equation S = P$P . It may hold even when absolute PPP does not hold. It holds that if India's inflation rate is 3% higher than China's, then India's currency should appreciate by about 3% relative to China's. It is given by the equation e = [$1+]

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