Business, 12.08.2020 05:01 jrjimenez

Suppose the rate of inflation was 2 percent in India from 2008-2012 and, over that same period, the inflation rate in the United States was 2.7 percent. Based on these inflation trends, which of the following is true? a. The PPP condition implies that the rupee has depreciated relative to the dollar.
b. The PPP condition implies that the rupee has appreciated relative to the dollar

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Suppose the rate of inflation was 2 percent in India from 2008-2012 and, over that same period, the...

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