Business, 04.04.2020 13:24 therealpr1metime45

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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If the price level recently increased by 20% in England while falling by 5% in the United States, ho...

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