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The following regression was conducted for the exchange rate of the Cyprus pound (CYP): Regression results indicate that a = o and a = 2. Therefore, O a. Purchasing power parity holds. O b. Purchasing power parity overestimated the exchange rate change during the period under examination. O c. Purchasing power parity will overestimate the exchange rate change of the Cyprus pound in the future. O d. Purchasing power parity underestimated the exchange rate change during the period under examination
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