The US Dollar Exchange Rate, E, Where E Is the Nominal

Multiple Choice

The U.S. dollar exchange rate, e, where e is the nominal exchange rate expressed as Japanese yen per U.S. dollar, will depreciate when:

A) real GDP in the U.S. increases.
B) real GDP in Japan increases.
C) the U.S. Federal Reserve tightens monetary policy.
D) U.S. consumers decrease their preference for Japanese cars.