Business, 25.07.2020 22:01 arigamez90

During 2011 the inflation rate in Brazil was about 6.6% while in the U. S. it was about 3.3%. At the start of 2011 the nominal exchange rate was about 1.7 Brazilian real per U. S. dollar. If purchasing-power parity holds, about what should the nominal exchange rate have been at the end of 2011

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During 2011 the inflation rate in Brazil was about 6.6% while in the U. S. it was about 3.3%. At the...