BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985
BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985

Solutions

Chapter
Section
Chapter 13, Problem 7PA
Textbook Problem

A can of soda costs $1.25 in the United States and 25 pesos in Mexico. What is the peso-dollar exchange rate (measured in pesos per dollar) if purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose to 50 pesos, what would happen to the peso-dollar exchange rate?

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