14-86 According to PPP,the 8 percent rise in the price of Russian goods relative to the 3 percent rise in the price of U.S.goods results in a (n)
A) depreciation of the Russian ruble by 5 percent.
B) depreciation of the Russian ruble by 6 percent.
C) appreciation of the Russian ruble by 5 percent.
D) appreciation of the Russian ruble by 6 percent.
E) depreciation of the Russian ruble by 7 percent.
Correct Answer:
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