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What was Robert J. Shiller's prediction for the stock and housing markets in 2005?
Significant growth
Stability
Significant declines
No change
Answer
Robert J. Shiller is an economist who is known for his work on the stock market and housing markets. In 2005, he predicted that the stock and housing markets would experience significant declines. He based his prediction on the fact that the stock market was overvalued and that the housing market was in a bubble.
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