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In the real exchange rate equation shown below, an increase in the nominal exchange rate means: RE=E*PUS/PJ It takes fewer yen to buy a U.

In the real exchange rate equation shown below, an increase in the nominal exchange rate means: RE=E*PUS/PJ It takes fewer yen to buy a U. S. dollar. The real value of the yen has risen. The real exchange rate rises. None of the above

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