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Assume a freely floating exchange rate between the U.S. and Thailand. If US government wanted to use the exchange rate to increase U.S. exports to
Assume a freely floating exchange rate between the U.S. and Thailand. If US government wanted to use the exchange rate to increase U.S. exports to Thailand, explain the action the US government would take, assuming no sterilization. The Thai currency is the Baht.
Assuming the U.S, government wanted sterilized intervention, explain what other action the US government would take.
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