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Assume that Japan and the United States frequently trade with each other. Under a freely floating exchange rate system, high inflation in the United States
Assume that Japan and the United States frequently trade with each other. Under a freely floating exchange rate system, high inflation in the United States will place pressure on the Japanese yen, ______ the amount inflation in Japan. of Japanese yen available for sale, and result in downward; reduce; unchanged upward; reduce; unchanged downward; increase; higher upward; increase; higher
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