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Question 8 1 pts At the beginning of this year, the price of a basket...

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Question 8 1 pts At the beginning of this year, the price of a basket of goods was A$150 in Australia and $125 in the US. The exchange rate was A$1.5/USD at the same time. The inflation rates for both countries are 5% in this year. If you have observed no change in the USD/AUD exchange rate, then your observation in this year is consistent with the forecast of: O neither absolute PPP nor relative PPP. O relative PPP only. absolute PPP only. both absolute PPP and relative PPP. o either absolute PPP or relative PPP Question 9 1 pts

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