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Question #47650

If a Big Mac hamburger sells for the same dollar value in New York as in London then ?

Options:

A) the inflation rate in each country will necessarily equal zero

B) the inflation rate in each country will necessarily equal 1 percent

C) the exchange rates are said to be fixed pegged to each other

D) purchasing power parity holds

Answer: If a Big Mac hamburger sells for the same dollar value in New York as in London then purchasing power parity holds.

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