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Question 9 (1 point) In response to an increased probability of losing political freedoms in the future, the citizens of a small country seek to
Question 9 (1 point) In response to an increased probability of losing political freedoms in the future, the citizens of a small country seek to sell their local currency to buy US dollars. Demand for the local currency from foreigners is unchanged. Which of the following should we expect to occur in an equilibrium model of currency (Select all that apply): |'_l Decreased number of local currency units traded |'_l Increased number of local currency units traded C] Depreciation of the local currency [1 Appreciation of the local currency
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