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If the Equilibrium Exchange Rate Is $1 = 90 Yen,then

Question 93

Multiple Choice

If the equilibrium exchange rate is $1 = 90 yen,then at an exchange rate of $1 = 80 yen there is a

A) surplus of yen.
B) shortage of yen.
C) shortage of dollars.
D) a and c
E) b and c

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