Why is the big mac considered an appropriate index

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Reference no: EM133490079

Case Study: Chapter 6 presents the Law of One Price, the Absolute Purchasing Power Parity and the Relative Purchasing Parity (among others).

Question 1. Why is the Big Mac considered an appropriate index?

Question 2. What does this Index suggest about the long-term value USD, in other words, can we expect the USD value to increase or decrease in the long-term against other currencies?

Reference no: EM133490079

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