If inflation in Russia is higher than it is in the United States
A) the purchasing power of the ruble in buying Russian goods will rise relative to the dollar.
B) the value of the dollar will rise in the long run.
C) the value of the ruble will rise in the long run.
D) Both A and C are correct.
Correct Answer:
Verified
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Q74: Figure 19-1 Q76: The "Big Mac Theory of Exchange Rates" Q77: If the GDP deflator in the United Q78: If the implied exchange rate between Big Q79: If the purchasing power of the dollar Q80: Figure 19-2 ![]()
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