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Why is the rise in housing prices between the late 1990s and 2006 characterized as a bubble by some economists?

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Answer: Short-run changes in the growth of GDP contracts, between recessionsat the end of a recession two consecutive quarters of negative growth in real GDP positively correlated and negatively correlated

Explanation:

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Why is the rise in housing prices between the late 1990s and 2006 characterized as a bubble by some​ economists?

Why is the rise in housing prices between the late 1990s and 2006 characterized as a bubble by some economists?