Suppose the Exchange Rate Between the U

question 56

Multiple Choice

Suppose the exchange rate between the U.S.dollar and the Japanese yen is initially 90 yen per dollar.According to purchasing-power parity,if the price of traded goods rises by 10 percent in the United States and remains constant in Japan,the exchange rate will become

• A) 72 yen per dollar
• B) 81 yen per dollar
• C) 99 yen per dollar
• D) 108 yen per dollar

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