The relative purchasing power parity theory postulates that______.A.the equilibrium exchan
The relative purchasing power parity theory postulates that______.
A.the equilibrium exchange rate is equal to the ratio of the price level in the two nations
B.the change in the exchange rate over a period of time should be proportional to the relative change in the price level in the two nations over the same time period
C.change in the exchange rate over a period of time should be proportional to the absolute change in the price level in the two nations over the same time period
D.the exchange rate at a period of time should be proportional to the relative prices in the two nations