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Author Question: One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the ... (Read 11 times)

jace

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One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%. When currency markets opened on the following Monday, anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar. What is the most likely explanation for this?
◦ Japan's Central Bank acted to prop up the yen.
◦ McDonald's Japan reduced the yen price of a Big Mac.
◦ Inflation in Japan suddenly spiked upward.
◦ McDonald's Japan increased the yen price of a Big Mac.
◦ McDonald's headquarters stopped hedging.


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Marked as best answer by jace on Dec 2, 2019

Jevvish

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jace

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Reply 2 on: Dec 2, 2019
Gracias!


amit

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Reply 3 on: Yesterday
Wow, this really help

 

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