Question

Who propounded the theory of purchasing power parity?

Answer 1

The purchasing power parity theory was propounded by professor gustav Cassel of sweden. According to this theory, rate of exchange between two countries depends upon the relative purchasing power of their respective currencies....!

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Answer 2

Answer: Gustav Cassel

Explanation: In 1922, Gustav Cassel of Sweden proposed a new theory. This theory is known as the purchasing power parity theory.