Question: Between 1982 and 2006, the Y/$ exchange rate moved from 249.05/$ to 116.34. During this same 25-year period, the consumer price index (CPI) in Japan

Between 1982 and 2006, the Y/$ exchange rate moved from 249.05/$

Between 1982 and 2006, the Y/$ exchange rate moved from 249.05/$ to 116.34. During this same 25-year period, the consumer price index (CPI) in Japan rose from 80.75 to 97.72 and the U.S. CPI rose from 56.06 to 117.07. a. If PPP had held over this period, what would the /$ exchange rate have been in 1995

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