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When a type of asset (like real estate, technology stocks, or tulips) rises dramatically in valuation seemingly well beyond its intrinsic value, it is called

When a type of asset (like real estate, technology stocks, or tulips) rises dramatically in valuation seemingly well beyond its intrinsic value, it is called a(n): (Choose the best answer)

a. asset bubble

b. inflation

c. business cycle

d. recession

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