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When the Housing Price Bubble Burst, There Were Some Obvious

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Essay

When the housing price bubble burst, there were some obvious effects on the economy, and some that were not so obvious.Explain these.


Definitions:

Big Five

A psychological model outlining five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Introverts

Individuals who tend to be more inward-turning, focusing on internal thoughts, feelings, and moods rather than seeking external stimulation.

Extraverts

Individuals who are outgoing, energetic, and thrive on social interaction, opposite of introverts.

Lexical Hypothesis

A theory suggesting that all important personality characteristics should be reflected in the language that people use to describe themselves or others.

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