Question
If the exchange rate of the US Dollar against the Japanese Yen went from $1 = 120 yen to $1 = 135 yen, it can
If the exchange rate of the US Dollar against the Japanese Yen went from $1 = 120 yen to $1 = 135 yen, it can be said that _______________.
a
the dollar will buy more goods in Japan
b
the dollar has depreciated
c
the yen will buy more goods in the US
d
the yen has appreciated
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Microeconomics
Authors: Paul Krugman, Robin Wells
5th edition
1319098780, 1319098789, 978-1319098780
