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Suppose the price level in Japan is 1 2 , 0 0 0 , the price level in the United States is 1 4 5
Suppose the price level in Japan is the price level in the United States is and the price level in Mexico is Suppose the cur rent nominal exchange rates are yen per dollar and pesos per dollar. Calculate the real exchange rates rounded to two decimal places between each pair of countries. That means you should be calculating three real exchange rates.
Suppose the price level in Japan is the price level in the United States is and the price level in Mexico is Suppose the cur rent nominal exchange rates are yen per dollar and pesos per dollar. Calculate the real exchange rates rounded to two decimal places between each pair of countries. That means you should be calculating three real exchange rates.
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