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econ 101 final exam

Submitted by Geoffrey Chandler on Wed, 09/19/2007 - 07:08.
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In 250 words or less answer the following:

1) How will the recent fed rate cut of 50 basis points impact housing prices in the short term? (6-12 months)

2) Long term?

3) What a potential impact of an increase in REO (Real Estate Owned) homes?

You may use visual aids (graphs/drawings) to emphasize your point.

Good Luck!!

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