Brandonhall3457 Brandonhall3457

15-03-2024
Business

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The exchange rate is $1=100 Yen. The inflation rate in the U.S. is 100% and the inflation rate in Japan is 0%. The purchasing power parity theory suggests the exchange rate will change to $1=?
a. 200,
b. 150,
c. 100,
d. 50

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