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    How Might Feedback Effects Cause a Fall in Housing Prices
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How Might Feedback Effects Cause a Fall in Housing Prices

Question 161

Question 161

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How might feedback effects cause a fall in housing prices (like the one that set off the crisis in the U.S.economy in 2008)to cause a worse result than the one predicted by the standard AS/AD model?

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The crisis in the U.S.economy began with...

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