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Business, 10.03.2020 18:58 Smileymarie31511

Suppose that a basket of goods costs €500 in Spain, and the identical basket of goods costs $625 in the U. S. If absolute purchasing power parity (PPP) holds the exchange rate will equal in American terms.

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Suppose that a basket of goods costs €500 in Spain, and the identical basket of goods costs $625 in...

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