Multiple Choice
Assume that until yesterday, one U.S. dollar could be exchanged for 85 Japanese yens. Today, a dollar gets you 102 yens. Which of the following statements is true?
A) U.S. goods will be more expensive in Japan.
B) Japanese goods will be more expensive in the U.S.
C) U.S. goods will be the same price in Japan.
D) Japanese goods will be the same price in the U.S.
E) None of these.
Correct Answer:

Verified
Correct Answer:
Verified
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