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Assume a flexible exchange rate system in a world consisting of only two countries: Canada and Japan. The Canadian currency is the canadian dollar and
Assume a flexible exchange rate system in a world consisting of only two countries: Canada and Japan. The Canadian currency is the canadian dollar and the japanese currency is yen.
a. Show graph and explain the effects on the exchange rate of political instability in Canada
b. As a result of this change, will canada find japanese goods more expensive, less expensive, or just as expensive as before, explain.
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