The difference between relative and absolute purchasing power parity (P) is that ( ).JxU答案窝(daanwo.com)-大学生作业答案及考资分享平台

Arelative PPP includes a measure of the aggregate price level in each country, while absolute PPP does not.JxU答案窝(daanwo.com)-大学生作业答案及考资分享平台

Bempirical studies show that relative PPP holds in both the short and long run, while absolute PPP holds only in the short run.JxU答案窝(daanwo.com)-大学生作业答案及考资分享平台

Crelative PPP relates interest rate differentials, while absolute PPP relates goods prices.JxU答案窝(daanwo.com)-大学生作业答案及考资分享平台

Drelative PPP implies that exchange rate movements will offset changes in relative prices over time, while absolute PPP implies that exchange-rate adjusted prices will always be equal.JxU答案窝(daanwo.com)-大学生作业答案及考资分享平台