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Percent against the italian lira during the same period

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Reference no: EM131646639

Can purchasing-power parity be used to explain the fact that the U.S. dollar depreciated by more than 50 percent against the German mark between 1970 and 2000, but appreciated by more than 100 percent against the Italian lira during the same period? Explain your answer.

Reference no: EM131646639

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