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In 2017, the inflation rate in the U.S. was 2.1%, while the inflation rate in Japan was 1.1%. According to relative PPP, how should the
In 2017, the inflation rate in the U.S. was 2.1%, while the inflation rate in Japan was 1.1%. According to relative PPP, how should the value of the yen change relative to the dollar? What actually happened to the value of the yen relative to the dollar in 2017?
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