What would be the effect on the U.S. exchange rate if Japan ran a contractionary fiscal policy?

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What would be the effect on the U.S. exchange rate if Japan ran a contractionary fiscal policy?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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