his question refers to Figure 1 below (pp. 272). Which of the following countries experienced the largest increase in house prices during the time period represented in the figure, prior to the banking crises?

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Money And The Financial System
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This question refers to Figure 1 below (pp. 272). Which of the following countries experienced the largest increase in house prices during the time period represented in the figure, prior to the banking crises?
180
France Current
UK Current
Spain Current
Ireland Current
160
New Zealand Current
Sweden Current
US Current
140
Big 5
120
100
80
-20
-16
-12
Figure 1. Asset price bubble this time: sharply rising housing prices preceded
the crash, typical of banking crises
type your answer.
Transcribed Image Text:180 France Current UK Current Spain Current Ireland Current 160 New Zealand Current Sweden Current US Current 140 Big 5 120 100 80 -20 -16 -12 Figure 1. Asset price bubble this time: sharply rising housing prices preceded the crash, typical of banking crises type your answer.
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