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Which of the following statements is the MOST accurate regarding relative and absolute PPP?

Which of the following statements is the MOST accurate regarding relative and absolute PPP? (done)

Relative PPP may be valid even when absolute PPP is not, provided the factors causing deviations from absolute PPP are more or less stable over different commodities space.

Absolute PPP may be valid even when relative PPP is not, provided the factors causing deviations from relative PPP are more or less stable over time.

Relative PPP may be valid even when absolute PPP is not, provided the factors causing deviations from absolute PPP are more or less stable over time.

Relative PPP is not valid when absolute PPP is not.
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Which of the following statements is the MOST accurate regarding relative and absolute PPP?
(done)
Relative PPP may be valid even when absolute PPP is not, provided the factors causing
deviations...

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