Question: Use the following information to answer the question below. 2017 2018 US CPI 100 105 100 104 Japan CPI Spot exchange rate (JPY/USD) 107.50 100.06

Use the following information to answer the question below. 2017 2018 US CPI 100 105 100 104 Japan CPI Spot exchange rate (JPY/USD) 107.50 100.06 What is the real (inflation-adjusted) exchange rate in 2018 (JPY/USD)

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