Why Do Inventories Rise When Demand Falls in Housing and Other Markets?
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Inventories and price changes are correlated. The inverse relation is most obvious in housing where inventories build in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and sellers would seem to imply that sellers would change their
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美国国家经济研究局创建时间：
2010-04-01
