题目内容
The law of one price does not hold closely for most products that are traded internationally, including nearly all manufactured products.
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The law of one price is based on the purchasing power parity theory.
Usually, international arbitrage does not take place for non-traded products.
In the long run, a country with a relatively high inflation rate tends to have a depreciating currency.
Exchange rates are much more volatile in the long-run than in the short-run.
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