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Question(s) / Instruction(s):

A change in the dollar price of yen from $1 = 100 yen to $1 = 50 yen will:

  1. Make U.S. goods more expensive to the Japanese.
  2. Make Japanese goods less expensive to Americans.
  3. Increase U.S. exports and depress Japanese exports.
  4. Increase Japanese exports and depress U.S. exports.

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