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Question 11 1 points Save Answer The price of a Big mac is 361.29 YEN in Japan and 5.28 USD in the US. The spot
Question 11 1 points Save Answer The price of a Big mac is 361.29 YEN in Japan and 5.28 USD in the US. The spot exchange rate is 105.33 YEN/USD, whereas the de facto/real exchange rate is e=361.29/5.28= 68.426 YEN/USD. This suggests that the Yen will: appreciate in the short run, as the Yen is undervalued not depreciate in the long run, as the Yen is not overvalued depreciate in the long run, as the Yen is overvalued depreciate in the short run, as the Yen is overvalued A Moving to the next question prevents changes to this answer. Question 11 of 35
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