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Figure shows the us housing price index solid line left

Figure shows the U.S. housing price index (solid line, left axis) and one year ad- justable mortgage rates - a proxy for subprime loans (dashed line, right axis). In the context of the housing and financial crisis, discuss the relationship between these two series.

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Microeconomics: Figure shows the us housing price index solid line left

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Microeconomics: Figure shows the us housing price index solid line left

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