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Suppose on Jan 1, 2018 a Big Mac costs $5.50 in the US In a situation such as that outlined in this problem set, which of the following would tend to...

Suppose on Jan 1, 2018 a Big Mac costs $5.50 in the US


In a situation such as that outlined in this problem set, which of the following would tend to happen in a free market? 

Speculators would trade exchange US dollars for Indian Big Macs

Speculators would trade Indian Rupee for US Big Macs

Speculators would trade US Dollars for Indian Rupee

Speculators would trade US Dollars for US Big Macs

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Speculators would... View the full answer

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