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johnpaul92 johnpaul92
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Posts: 2600
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8 years ago
Purchasing power parity does not hold in the short to medium run because
A) countries produce different goods.
B) exports don't equal imports.
C) exchange rates fluctuate too much.
D) most business cycles are caused by shocks to aggregate demand.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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#1
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
8 years ago
Every little bit helps, right? Glad I solved your question
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