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The figure to the right shows the market for Thailand's currency, the baht. Part 2 Suppose that Thailand's productivity increases relative to productivity in other
The figure to the right shows the market for Thailand's currency, the baht. Part 2 Suppose that Thailand's productivity increases relative to productivity in other countries. Moreover, assume a floating exchange rate. Using the line drawing tool, show how the market for the baht is impacted by this event. Properly label this line. Part 3 Carefully follow the instructions above, and only draw the required objects. Part 4 According to your graph, the baht has revalued appreciated depreciated relative to the U.S. dollar
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