A rise in the dollar price of yen necessarily means a fall in the yen price of

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A rise in the dollar price of yen necessarily means a fall in the yen price of dollars. Do you agree? Illustrate and elaborate: “The critical thing about exchange rates is that they provide a direct link between the prices of goods and services produced in all trading nations of the world.” Explain the purchasing-power-parity theory of exchange rates.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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