In the mid-to-late 1970s the yen appreciated relative to, Ask an Expert

Economics

In the mid-to-late 1970's, the yen appreciated relative to the dollar even though Japan's inflation rate was higher than America's. How can this be explained by an improvement in the productivity of Japanese industry relative to American industry? Please use a graph to illustrate your answer.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91084982

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