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Business, 14.04.2020 16:06 Sushmitarai4934

Suppose that, in a system of floating or market-determined exchange rates, the equilibrium exchange rate is 80 Japanese yen = $1. If there is then a change in preferences of U. S. consumers such that they now prefer more Japanese goods in their consumption bundle, then, other things equal, the equilibrium exchange rate , which is .

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