If there is purchasing power parity between currencies, a Big Mac will be cheaper in countries whose currency has appreciated.

Name: If there is purchasing power parity between currencies, a Big Mac will be cheaper in countries whose currency has appreciated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If there is purchasing power parity between currencies, the price of a Big Mac should be the same in every country when converted to a common currency. Therefore, it should not be cheaper in countries whose currency has appreciated.

If There Is Purchasing Power Parity Between Currencies, a Big