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Which of the following statements regarding the new era thinking is FALSE? A. Speculative bubbles and their associated new era thinking do not end definitively

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Which of the following statements regarding the new era thinking is FALSE? A. Speculative bubbles and their associated new era thinking do not end definitively with a sudden, final crash. B. The new era theory emerged principally as an after-the-fact interpretation of a stock market boom. C. Dow's approach to the 1,000 milestone in 1960s provided an anchor for people's expectations D. A low mortgage rate was also a factor for the housing market boom in California in 1970s

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