Which of the following statements best describes the "wealth effect"? O Households with equity in their houses are wealthier than households that rent their housing O A 10 percent increase in homeownership is associated with a 12 percent increase in economic growth O Expected appreciation in assets, such as home equity, may increase spending on other goods and services in the economy Economists believe that wealthier households have a positive effect on the housing market, while low-income households have a negative effect