Question

求翻译国际金融的一段英文！急求！！

Accordingto PPP, the exchange rate value of the DM (relative to the dollar) increasedsince the early 1970s because Germany experienced less inflation than did theUnited States—the product price level rose less in Germany since the early1970s than it rose in the United States. According to the monetary approach,the German price level did not rise as much because the German money supply increasedless than the money supply increased in the United States, relative to thegrowth rates of real domestic production in the two countries. The Britishpound is the opposite case—more inflation in Britainthan in the United States,and higher money growth in Britain.

Answer 1

按购买力平价（Purchasing Power Parity，PPP），德国马克（Deutsche Mark，DM）的汇率值（相对于美元），自70年代初期起一直攀升，因为德国经历的通货膨胀比美国低 —自70年代初期，相比于美国，德国的物价水平涨幅甚少。根据货币分析法，德国物价水平并没有大幅攀升，是因为在货币供应量增加方面，德国比美国为低，相对于两国的实际国内生产增长率而言。英镑的情况则相反—英国的通货膨胀比美国更严重，及英国的货币增长比美国更高。

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原文有笔误，更正如下：
According to PPP, the exchange rate value of the DM (relative to the dollar) increased since the early 1970s because Germany experienced less inflation than did the United States —the product price level rose less in Germany since the early 1970s than it rose in the United States. According to the monetary approach, the German price level did not rise as much because the German money supply increased less than the money supply increased in the United States, relative to the growth rates of real domestic production in the two countries. The British pound is the opposite case — more inflation in Britain than in the United States, and higher money growth in Britain.