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The Gjerstad and Smith reading From Bubble to Depression talks about the house price bubble in the U.S. that led to the financial crisis of

The Gjerstad and Smith reading "From Bubble to Depression" talks about the house price bubble in the U.S. that led to the financial crisis of 2008-9.How do they identify a house price "bubble"?Does that mean there is a house price bubble in Canada in the past few years?Provide at least two clear arguments on each side of the case.

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