Refer to the following figure in the chapter. Remember that there was no trade deficit at point
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Dollars per Yen Japanese purchases of U.S. assets $0.015 0.010 Decrease in Japan's imports from U.S. Increase in Japan's exports to U.S. Billions of Yen 10,000 15,000 12,000 per Year
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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