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simmiie259 simmiie259
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In the mid-2000s, U.S. housing prices experienced a bubble. What does a bubble in housing prices refer to?

▸ High asset prices that do not reflect the true long-run value of the asset

▸ Falling asset prices trending toward the true long-run value of the asset

▸ Rising asset prices trending toward the true long-run value of the asset

▸ Low asset prices that do not reflect the true long-run value of the asset
Textbook 

Macroeconomics


Edition: 3rd
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elbrundoelbrundo
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High asset prices that do not reflect the true long-run value of the asset

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simmiie259 Author
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2 months ago
Just got PERFECT on my quiz
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Thanks
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Smart ... Thanks!
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