As a result of slow economic growth in 2011, many companies including cisco systems, lockheed martin, and cracker barrel old country store cut production and employment as a result of the sluggish growth in the total amount of spending in the economy. the total amount of spending in the economy is known as

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u. s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.