Falling inequality has been a feature of the HPAE due to land reform, free public education, free basic health care, and significant investments in infrastructure for communication, sanitation, and transportation.
Indicate whether the statement is true or false
Question 2
Which of the following is not true regarding exchange rate indexes?
A) They will all show the same general trends (i.e., appreciation or depreciation).
B) Neither economic theory nor practice gives a clear indication of which exchange rate is best.
C) For short-term movements, there can be large differences across exchange rate indexes.
D) Exchange rate indexes are used to measure the average value of a currency relative to several other currencies.
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