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

js56154

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

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

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 54 times

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js56154 Author

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Just got PERFECT on my quiz

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Helped a lot

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