Assume that the U$.$S$.$ has a market for loanable funds $-$ reflected by the graph associated with questions #$3-4-$ and a market for foreign exchange involving Japanese yen $-$ reflected by the graph associated with questions #$5-6.$ Question #$8$ is based on this information.

Note that we will continue to assume P subscript F E end subscript equals fraction numerator $ over denominator Y e n end fraction $($i$.$e$.$ dollars to yen$).$

Assume that there is an increase in U$.$S$.$ government borrowing that affects the U$.$S$.$ market for loanable funds, but in turn affects the U$.$S$.$ market for foreign exchange with Japan.

Select every statement below which represents a correct statement about how this increase in borrowing will ultimately affect the U$.$S$.$ market for foreign exchange with Japan $($note that it is possible for there to be multiple correct answers$).$

a$.$

there will be an increase in DFE

b$.$

there will be an increase in SFE

c$.$

the dollar will appreciate relative to the yen

d$.$

the dollar will depreciate relative to the yen

e$.$

U$.$S$.$ goods and services will be more expensive for Japanese citizens

f$.$

U$.$S$.$ goods and services will be less expensive for Japanese citizens