Advanced Placement (AP), 15.05.2021 06:40 ladybuggirl400

According to purchasing-power parity, if prices in the United States increase by a larger percentage than prices in the United Kingdom, then the
a. real exchange rate rises.
b. nominal exchange rate rises.
c. real exchange rate falls.
d. nominal exchange rate falls.

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According to purchasing-power parity, if prices in the United States increase by a larger percentage...