Question: True or false with clear explanations (no graph needed). Need asap, thank you ! There are two countries in the world, Australia and Japan. Suppose

True or false with clear explanations (no graph needed). Need asap, thank you !

There are two countries in the world, Australia and Japan. Suppose that the central bank of Australia and the central bank of Japan raise the real interest rate by 1%. In this case, the nominal exchange rate (Yen/Dollar) increases.

Answer true or false. Please briefly explain your answer

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