Higher Home Values Can Increase Output in the Economy If

question 78

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.

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Definitions:

Prosocial

relates to behavior that is intended to benefit others, including acts of kindness, sharing, and cooperative actions.

Charitable

Describes actions or organizations that are dedicated to helping those in need, often through donations or volunteer work.

Conscientious

Describes a person or behavior that is guided by or showing a desire to do what is right, typically characterized by carefulness and diligence.

Sociable

The characteristic of enjoying being with people and engaging in friendly interactions.