Question
If inflation averages 1% in Japan and 3% in the U.S. and PPP holds, then over the long run a the yen will appreciate against
If inflation averages 1% in Japan and 3% in the U.S. and PPP holds, then over the long run
a
the yen will appreciate against the dollar.
b
the dollar will appreciate against the yen.
c
the nominal exchange rate will be about constant.
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
