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Recent values

Using data from the St. Louis Federal Reserve

(FRED) (http://research.stlouisfed.org/fred2/),

analyze foreign exchange rates.

a. Find the two most recent values from FRED

for the Japan/U.S. Foreign Exchange Rate

(DEXJPUS) and for U.S. Exports of Goods to

Japan, f.a.s basis (EXPJP).

b. Given the change in the exchange rate

between the two periods, explain if the U.S.

exports to Japan change in the direction that

economic theory would predict.

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