Multiple Choice
From 1985 to 1988 the U.S.dollar depreciated over 50 percent against the yen, yet Japanese export prices to Americans did not come down the full extent of the dollar depreciation.This is best explained by
A) partial currency pass-through.
B) complete currency pass-through.
C) a partial J-curve effect.
D) a complete J-curve effect.
Correct Answer:
Verified
Correct Answer:
Verified
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