In the long run,the currency of a country that has a higher inflation rate will appreciate against the currency of a country whose inflation rate is lower.

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In the long run, a country with a higher inflation rate will experience a devaluation of its currency rather than appreciation. This is because higher inflation erodes the purchasing power of a currency, which reduces demand for it and hence its value decreases. Conversely, a currency with lower inflation maintains its purchasing power, which makes it more appealing to investors and boosts its value relative to other currencies. Therefore, in the long run, the currency of a country with a lower inflation rate will appreciate against the currency of a country with higher inflation.

In the Long Run,the Currency of a Country That Has