A country's currency would be overvalued if the Big Mac price (converted to dollars)is lower than the U.S. price.

Name: A country's currency would be overvalued if the Big Mac price (converted to dollars)is lower than the U.S. price.
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Question

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If the Big Mac price (converted to dollars) is lower than the U.S. price, it suggests that the currency is undervalued. An overvalued currency would have a higher Big Mac price (converted to dollars) compared to the U.S. price.

A Country's Currency Would Be Overvalued If the Big Mac