Q: From base price levels of 100 in 2000 , Japanese and U.S. price levels in 2003 stood at 102 and 106, respectively. a. If the 2000$/= exchange rate was $0.007692, (i.e., USD 0.007692 = YEN 1.00) what should the exchange rate be in 2003? b. In fact, the exchange rate in 2003 was 1=$0.008696 (i.e., USD 0.008696= YEN 1.00). What might account for the discrepancy? (Price levels were measured using the consumer price index.)