When stock markets crash because of changes in the expected future sale price of an asset rather than changes in fundamental stock price determinants, economists refer to the situation as

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A stock market crash caused by changes in expected future sale prices rather than fundamental stock price determinants is commonly referred to as a "bubble." This is a situation where the price of an asset exceeds its intrinsic value and is driven by speculation, hype, and market sentiment rather than its actual worth. When this bubble bursts, share prices decline rapidly, causing widespread panic and sell-offs among investors.

When Stock Markets Crash Because of Changes in the Expected