The Median Price of Existing Homes

question 53

Multiple Choice

The median price of existing homes:

• A)has increased over the past 30 years,thereby acting as a hedge against inflation.
• B)has risen less than the Consumer Price Index.
• C)always increases in value.
• D)tends to be countercyclical,thereby acting as a hedge against the business cycle.
• E)remains constant over time.

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Definitions:

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