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The figure to the right shows the Case-Shiller price index of houses. Economists Karl Case of Wellesley College and Robert Shiller of Yale University developed
The figure to the right shows the Case-Shiller price index of houses. Economists Karl Case of Wellesley College and Robert Shiller of Yale University developed this index. Many economists consider changes in the average price of houses in the United States to be difficult to measure. What challenges might exist in accurately measuring housing prices?
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