Based on purchasing power parity

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Reference no: EM13919688

The U. S. experienced an inflation rate of 4 percent last year while Spain's inflation last year was 2 percent. Based on purchasing power parity, the euro will:

a) depreciate 1.96 percent against the dollar.

b) appreciate 1.96 percent against the dollar.

c) depreciate 1.02 percent.

d) appreciate 1.02 percent.

e) None of the above

Reference no: EM13919688

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