Which of the following is most likely to be asset price inflation?
A) A rise in the current price of assets caused by expectation of higher asset prices in the future
B) A rise in the current price of assets caused by an increase in the riskiness of financial assets
C) A rise in the price of assets caused by an increase in the underlying productivity of those assets
D) A rise in the current price of assets caused by a shift in people's time preference
Correct Answer:
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