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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