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In 1985 and 1986, U

question 98

True/False

In 1985 and 1986, U.S.interest rates fell relative to interest rates in Japan.Under floating exchange rates, this would lead to the dollar's exchange value depreciating against the yen.


Definitions:

Special Benefits

Privileges or advantages provided to individuals or groups under specific conditions or circumstances.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values.

Festinger And Carlsmith

Festinger and Carlsmith refer to the researchers involved in a classic 1959 psychological experiment demonstrating cognitive dissonance, where individuals experienced discomfort resulting from holding conflicting beliefs.

Ethical Person

An individual who consistently displays honesty, fairness, and consideration for others in their decisions and behaviors.

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