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We start with a 3 percent real interest rate in the United States and in Japan. Next, the real ...

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We start with a 3 percent real interest rate in the United States and in Japan. Next, the real ...

We start with a 3 percent real interest rate in the United States and in Japan. Next, the real interest rate in Japan falls to 2 percent, and the U.S. real interest remains constant. As a result,

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the yen will depreciate and the dollar will appreciate.

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both the yen and the dollar will depreciate.

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the yen will appreciate and the dollar will depreciate.

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both the yen and the dollar will appreciate.

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Economics

Edition: 12^th

Author: Arnold

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Smart ... Thanks!

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