The theory of PPP suggests that if one country's price level rises relative to another's,its currency should

Name: The theory of PPP suggests that if one country's price level rises relative to another's,its currency should
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The theory of Purchasing Power Parity (PPP) suggests that if a country's price level rises relative to another's, its currency should depreciate in the long run to restore the equilibrium where goods cost the same in both countries when prices are measured in a common currency.

The Theory of PPP Suggests That If One Country's Price