What Explains the Appreciation of the Japanese Yen Relative to the U.S.dollar

question 32

Multiple Choice

What explains the appreciation of the Japanese yen relative to the U.S.dollar from 1970 to the early 1990s?

• A)Japanese productivity rose faster than U.S.productivity.
• B)Japanese inflation rose faster than U.S.inflation.
• C)U.S.consumers reduced their preferences for Japanese goods.
• D)High tariffs and restrictive quotas in the United States caused the value of the dollar to decline.

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Definitions:

Compound

A substance made up of two or more elements chemically combined in fixed proportions.

Comminuted

Refers to a fracture in which the bone is broken into several pieces.

Open Fracture

A type of bone fracture where the bone breaks through the skin, increasing the risk of infection.

Spiral

A curve that winds around a fixed center point at a continuously increasing or decreasing distance.