Use the following graph to answer the next question.
Assume that Japan and the United States are engaged in a system of flexible exchange rates. An increase in the demand for yen will result in a(n) ________.
A. appreciation of the U.S. dollar
B. decrease in the dollar price of yen
C. depreciation of the U.S. dollar
D. depreciation of the Japanese yen
Answer: C
Economics
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