Alex Tabarrok points out that the there are far more unemployed houses than people, and that prices – while sticky for both – are less sticky for houses.
That’s an interesting idea to carry around for the next time sticky prices comes up in class.
Alex Tabarrok points out that the there are far more unemployed houses than people, and that prices – while sticky for both – are less sticky for houses.
That’s an interesting idea to carry around for the next time sticky prices comes up in class.
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