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Question
Extensive empirical studies have shown that
A) there is only a short-run relationship between a country s relative inflation rates and changes in exchange rates; no long-run relationship exists.
B) there is a long-run relationship between a country s relative inflation rates and changes in exchange rates.
C) that there exists both short-run and long-run relationships between a country s relative inflation rates and changes in exchange rates.
D) a country s relative inflation rates and changes in exchange rates are not related to each other.
Answer
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Related questions
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