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Economics
MEDIUM
ENGLISH
Economics
If a Big Mac hamburger sells for the same dollar value in New York as in London then ?
A
the inflation rate in each country will necessarily equal zero
Option A
B
the inflation rate in each country will necessarily equal 1 percent
Option B
C
the exchange rates are said to be fixed pegged to each other
Option C
purchasing power parity holds
Correct answer
Correct answer: D
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