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The theory of purchasing-power parity says that higher inflation in a nation causes the nation’s currency to _______, leaving the _______ exchange rate unchanged. a. appreciate, nominal b. appreciate, real c. depreciate, nominal d. depreciate, real

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The theory of purchasing-power parity says that higher inflation in a nation causes the nation’s currency to _______, leaving the _______ exchange rate unchanged. a. appreciate, nominal b. appreciate, real c. depreciate, nominal d. depreciate, real

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The theory of purchasing-power parity says that higher inflation in a nation causes the nation’s currency to _, leaving the _ exchange rate unchanged. a. appreciate, nominal b. appreciate, real c. depreciate, nominal d. depreciate, real

The theory of purchasing-power parity says that higher inflation in a nation causes the nation’s currency to _, leaving the _ exchange rate unchanged.

a. appreciate, nominal

b. appreciate, real

c. depreciate, nominal

d. depreciate, real