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pulseh14 pulseh14
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5 years ago
The "Big Mac Theory of Exchange Rates" tests the accuracy of purchasing power parity theory. In July 2015, The Economist reported that the average price of a Big Mac in the United States was $4.79. In Switzerland, the average price of a Big Mac at that time was 6.50 Swiss francs. If the exchange rate between the dollar and the Swiss franc was 0.93 Swiss francs per dollar, how would purchasing power parity predict the exchange rate will change in the long run? Support your answeAnswer: cally.
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InMacro

InMacro


Edition: 1st
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belledejour86belledejour86
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pulseh14 Author
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5 years ago
Just got PERFECT on my quiz
patod1
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Correct Slight Smile TY
hmonier
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2 hours ago
Thank you, thank you, thank you!
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