If E$/C$ e = 1.54, E$/C$ = 1.36, and TCA = 2%, What should TUS be if relative PPP holds? a. 1.87% b. 2.13% c. 15.23% d. 11.23%

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter7: Uncertainty
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Problem 7.8P
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If E$/C$ e = 1.54, E$/C$ = 1.36, and TCA =
2%, What should TUS be if relative PPP
holds? a. 1.87% b. 2.13% c. 15.23% d. 11.23%
Transcribed Image Text:If E$/C$ e = 1.54, E$/C$ = 1.36, and TCA = 2%, What should TUS be if relative PPP holds? a. 1.87% b. 2.13% c. 15.23% d. 11.23%
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