(Answered) The inflation rate in the united states is 3 percent while

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The inflation rate in the United States is 3 percent while the inflation rate in Japan is 10 percent.

The current exchange rate for the Japanese yen W) is $0.0075. After supply and demand for the Japanese yen have adjusted in the manner suggested by purchasing power parity, the new exchange rate for the yen will be:

a. $0.0076.

b. $0.0073.

c. $0.0070.

d. $0.0066.

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