Concept explainers
A contention in support and against the possibility that the Fed was in charge of the housing price bubble of the mid-2000s
Concept Introduction:
Housing Price Bubble: An impermanent condition caused by unjustified theory in the lodging market that prompts a fast increment in land costs. Likewise, with most economic bubbles, it inevitably blasts, bringing about a fast decrease in costs. The end of a housing bubble is difficult to foresee given the way that financial conditions can change abruptly. On the off chance that a housing bubble swells to a greatly abnormal state, the outcome of a burst may set the housing market back years.
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Economics of Money, Banking and Financial Markets, The, Business School Edition (5th Edition) (What's New in Economics)
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