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Economics

1. Describe aggregate supply from a classical economist’s perspective.

2. P(t) = US$2 per coconut; E(t) = MX$1 per US$; P ROW(t) = MX$3 per coconut. a. What is the real exchange rate? b. Does purchasing power parity hold?

3. Give three reasons why the purchasing power parity condition often does not hold.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696995

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