If a U.S. dollar will buy as much in Japan as in the United States, then purchasing power parity holds.

Name: If a U.S. dollar will buy as much in Japan as in the United States, then purchasing power parity holds.
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Purchasing power parity (PPP) suggests that in the absence of transaction costs and other barriers, identical goods should have the same price in different countries when expressed in a common currency. If a U.S. dollar buys the same amount in Japan as in the U.S., PPP holds.

If a US Dollar Will Buy as Much in Japan as in as in the United