4. Refer to the following table, in which Q d is the quantity of yen demanded, P is the dollar price of yen, Q s i s the quantity of yen supplied in year 1, and Q s is the quantity of yen supplied in year 2. All quantities are in billions and the dollar-yen exchange rate is fully flexible.

LO3

Transcribed Image Text:

P Q Q' 10 125 30 20 15 120 25 15 20 115 20 10 25 110 15 5