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Business, 06.05.2021 19:00 DIVAEYES

Assume that the New Zealand inflation rate is higher than the U. S. inflation rate. This will cause U. S. consumers to their imports from New Zealand and New Zealand consumers to their imports from the U. S. According to purchasing power parity (PPP), this will result in a(n) of the New Zealand dollar (NZ$). Group of answer choices reduce; increase; depreciation reduce; increase; appreciation reduce; increase; appreciation increase; reduce; depreciation

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