Question

From 1973 through​ 2016, the rise in the British price level relative to the U.S. price level is​ ____ with a rise in the value of the dollar. Over shorter​ periods, the PPP relationship​ _____ appear to hold.

Answer 1

the available options for this question are,

A. associated; does not

B. associated; also does

C. not associated; does

and the correct answer is option B. associated; also does.

the purchasing power means the ability of a currency unit to purchase a specific amount of goods and services and this is directly in line with the internal inflation rate of an economy.

Step-by-step explanation: