Assume US is the home country and Turkey is the foreign country. Turkey inflation exceeds the current US inflation rate.

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answerhappygod
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Assume US is the home country and Turkey is the foreign country. Turkey inflation exceeds the current US inflation rate.

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Assume US is the home country and Turkey is the foreign
country. Turkey inflation exceeds the current US inflation rate. i)
What happens to TL if PPP holds (depreciates or appreciates)?
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