Multiple Choice
Higher home values can increase output in the economy if:
A) people take some of the equity out of their homes and spend it on a vacation.
B) people sell their existing home and build a new one.
C) people finance their child's college education by securing a second mortgage on their now higher-valued home.
D) all of the answers given are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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