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Suppose the Real Exchange Rate of 115 Japanese Yen to the Dollar

Question 202

Multiple Choice

Suppose the real exchange rate of 115 Japanese yen to the dollar changes to 105 yen to the dollar.In this situation,the dollar has __________,making Japanese goods __________ expensive for Americans.


A) appreciated; less
B) appreciated; more
C) depreciated; less
D) depreciated; more

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