In Figure, there were three periods prior to 20062012 when the relative price of housing declined. Determine

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In Figure, there were three periods prior to 2006–2012 when the relative price of housing declined. Determine the approximate magnitudes of the relative housing price decline in these earlier periods compared to the 2006–2012 decline, and comment.

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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