Suppose the euro-yen exchange rate falls while the dollar-yen exchange rate rises. What happens to the price of goods imported to Japan?
European goods become _____ (cheaper/more expensive).
U.S. goods become ______ (cheaper/more expensive).
Suppose the euro-yen exchange rate falls while the dollar-yen exchange rate rises. What happens to the price of goods imported to Japan?
European goods become _____ (cheaper/more expensive).
U.S. goods become ______ (cheaper/more expensive).
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