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Your book describes the increase in the U.S. money supply as being analogous to giving people more money. If the output of goods and services is not growing at a similar rate, inflation will eventually occur. According to PPP Theory, what will happen to the U.S. dollar? Why? Explain your answer in a well-constructed and persuasive manner.
INSTRUCTIONS:
MUST have a minimum of 500 WORDS.
MUST utilize the below book reference and utilize additional references.
MUST use APA format.
Book reference:
Hill, C. W. (2018) International business: competing in the global marketplace (12th ed.). New York, NY: McGraw Hill Education.
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