1.In a newspaper, check the exchange rates for the foreign currencies listed in the “Following the..

1.In a newspaper, check the exchange rates for the foreign currencies listed in the “Following the Financial News” box on page 432. Which of these currencies have appreciated and which have depreciated since February 5, 2003? 3. If the Japanese price level rises by 5% relative to the price level in the United States, what does the theory of purchasing power parity predict will happen to the value of the Japanese yen in terms of dollars?

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