hgtfdtdytrytdy7650 hgtfdtdytrytdy7650
  • 02-12-2017
  • Social Studies
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How would​ keynes's concept of animal spirits explain the creation of a housing​ bubble?

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meerkat18
meerkat18 meerkat18
  • 12-12-2017
People regarded a house as a good investment which paved the way to an increased demand for housing as well as increasing the prices. This gave confirmation to people that housing was a good investment which led to the increase in demand and resulted to an upward spiral driven by positivity. 
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