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The "Greenspan doctrine"—central banks should not try to prick bubbles—was based on which of the following arguments?A) Asset-price bubbles are nearly impossible to identify.B) Monetary actions would be likely to affect asset prices in general, rather than the specific assets that are experiencing a bubble.C) Raising interest rates has often been found to cause a bubble to burst more severely.D) Monetary policy actions to prick bubbles can have harmful effects on the aggregate economy.E) All of the above.
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