According to purchasing-power parity, if it took 55 Indian rupees to buy a dollar today, but it took 58 to buy it a year ago, then the dollar has
a. appreciated, indicating inflation was higher in the U.S. than in India.
b. appreciated, indicating inflation was lower in the U.S. than in India.
c. depreciated, indicating inflation was higher in the U.S. than in India.
d. depreciated, indicating inflation was lower in the U.S. than in India.
c
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Which of the following statements regarding the creation of brand loyalty to create and maintain market power is false?
A) Brand loyalty efforts often focus on creating perceived, as opposed to real, differences among products. B) Brand loyalty can be enhanced by improving the level of service associated with a particular product. C) One study showed that, in the case of competing beers, brand loyalty has relatively little to do with price. D) Brand loyalty is determined primarily by real differences in competing products.
A dramatic and sustained increase in oil prices would most likely:
a. increase demand-pull inflation. b. decrease demand-pull inflation. c. increase cost-push inflation. d. decrease cost-push inflation.