Suppose that england experiences higher inflation than the, Ask an Expert

Economics

Suppose that England experiences higher inflation than the United States and at the same time the pound appreciated relative to the dollar. What does this imply?

A. English productivity rose faster than productivity in the United States during this time period.

B. English productivity rose more slowly than productivity in the United States during this time period.

C. There was a decrease in demand for goods produced in England.

D. The Law of One Price must hold true.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91404671

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