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If housing prices doubled globally: a. Is society any richer than it was before? b. Are homeowners now wealthier? c. Can you reconcile your answers
If housing prices doubled globally:
a. Is society any richer than it was before?
b. Are homeowners now wealthier?
c. Can you reconcile your answers to part A and B? Is anyone worse off because of the change?
Please answer in detail.
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