After the financial crisis reached Europe in 2008, a lot of EU citizens sold their euro investments
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After the financial crisis reached Europe in 2008, a lot of EU citizens sold their euro investments and converted the money into Swiss francs or gold. Why did they do this? What impact did this have on the exchange rates of the euro and Swiss franc and the price of gold? Use the classical IS-LM model to describe the effects on the European economy and the Swiss economy.
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