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In 1980 the dollar-yen exchange rate was about $.0045. In 2017 the yen-dollar exchange rate was about 91 yen per dollar. A Japanese producer would
In 1980 the dollar-yen exchange rate was about $.0045. In 2017 the yen-dollar exchange rate was about 91 yen per dollar. A Japanese producer would have had to increase the dollar price of a good sold in the United States by approximately _____ to maintain the same yen price in 2017.
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