Author Question: If the exchange rate between yen and dollars were 120 yen per dollar, when a Japanese tourist buys a ... (Read 138 times)

FButt · **on:** Jun 30, 2018

If the exchange rate between yen and dollars were 120 yen per dollar, when a Japanese tourist buys a good valued at 600, its cost in yen would be:
a. 5 yen.
b. 600 yen.
c. 72,000 yen.
d. 120 yen.

Question 2

Cyclical unemployment rises and falls with fluctuations in the macroeconomy.
a. True
b. False
Indicate whether the statement is true or false