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Suppose Big Mac costs 1,000 pounds in Egypt and 20 pesos in… | Wiki Cram Skip to main navigationSkip to main contentSkip to footer
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Suppose Big Mac costs 1,000 pounds in Egypt and 20 pesos in…

Suppose Big Mac costs 1,000 pounds in Egypt and 20 pesos in Mexico. If the current exchange rate is 80 pounds per peso, then according to law of one price, peso is ______ and should _______ in the long run.

Suppose Big Mac costs 1,000 pounds in Egypt and 20 pesos in…

Posted on: April 30, 2025 Last updated on: April 30, 2025 Written by: Anonymous Categorized in: Uncategorized
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