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Non market failure refers to a situation whereby intervention by the government does not lead to a pareto optimal allocation of resources.
Faimus answered the question on February 25, 2019 at 19:22
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Date-----Exchange rate
January 2017----EURUSD 1.100
December 2017----EURUSD 1.144
Take USD as the home currency.
According to purchasing power parity which currency area should have had the higher rate of inflation by 2017 and by how much?
b) If inflation in the USD were 3% higher than the EURO area, calculate the change in the real value of the dollar .what is the implication of this change?
C) What is the implication of a change in real exchange rate of a currency?
d)
Explain why you would expect interest rates in the US to be higher than in the EURO area.
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b) Given the following exchange rate, calculate the GBPEUR rate to 4 decimal places.
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GBPUSD 1.2970
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