In the long run,if the inflation rate is positive,a currency depreciates to maintain purchasing power parity.

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This is because as the inflation rate increases, the value of the currency decreases relative to other currencies, making imported goods more expensive and reducing the overall purchasing power of the currency. To maintain parity and keep up with the increased cost of goods, the currency will depreciate.

In the Long Run,if the Inflation Rate Is Positive,a Currency