A persistent shortage of yen at a given fixed exchange rate (in
dollars per yen) is evidence that the yen is ________ versus the
dollar. This shortage can be reduced or eliminated through a
________ of the yen.
Group of answer choices
undervalued; devaluation
undervalued; revaluation
overvalued; revaluation
overvalued; devaluation
A persistent shortage of yen at a given fixed exchange rate (in dollars per yen) is evidence that the yen is ________ ve
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