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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
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
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