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kotegsom [21]
3 years ago
9

How would​ keynes's concept of animal spirits explain the creation of a housing​ bubble?

Social Studies
1 answer:
Sonbull [250]3 years ago
8 0
People regarded a house as a good investment which paved the way to an increased demand for housing as well as increasing the prices. This gave confirmation to people that housing was a good investment which led to the increase in demand and resulted to an upward spiral driven by positivity.<span> </span>
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