When the Real Exchange Rate of Japan's Yen Appreciates

question 31

Multiple Choice

When the real exchange rate of Japan's yen appreciates

• A) the yen's nominal exchange rate must remain constant
• B) the yen's nominal exchange rate must also appreciate
• C) the yen's nominal exchange rate must depreciate
• D) none of the above

---

Definitions:

Free Man

An individual who is not enslaved or subject to servitude, possessing full legal and social freedoms.

International Revolutionary Ideologies

Beliefs and principles that support or call for radical changes across different nations, often aimed at overthrowing existing political and social structures.

Nonagricultural Slave Laborers

Slaves who were employed in activities other than agriculture, such as in domestic service, craftsmanship, industry, or as military aides.

Skilled Trades

Occupations that require special training or skills, often involving manual work such as construction, carpentry, plumbing, or electrical work.