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Question 2 A Big Mac hamburger costs $4.00 in the United States and The current yen spot exchange rate (USD/JPY) is 82.2. According to the

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Question 2 A Big Mac hamburger costs $4.00 in the United States and The current yen spot exchange rate (USD/JPY) is 82.2. According to the Law of One Price, the "equilibrium" Big Mac hamburger price in Japan should be: If the actual price of Big-Mac in Japan is 350 Yen, does Japanese yen under or overvalued? What should the ppp based exchange rate

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