Purchasing power parity is the theory that, in the long run, exchange rates move to equalize
A) the relative purchasing power of currencies across countries.
B) nominal interest rates across countries.
C) real GDP across countries.
D) corporate profits across countries.
A
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Which of the following policy measures created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings?
A) the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 B) Sarbanes-Oxley Act of 2002 C) Global Legal Settlement of 2002 D) Gramm-Leach-Bliley Act of 1999 E) Riegle-Neal Act of 1994
Which of the following is the government not permitted to do with surplus farm goods?
a. sell to foreign countries at lower than market prices b. support child nutrition programs c. give the food to charitable food banks d. compete with farm-goods producers e. destroy the food