Imputed rental income ____
a. is payment made by rental owners to facility management companies
b. provides no value to the recipient
c. is the dollar amount of the rental value of an owner-occupied home
d. is the dollar amount of the rental value of a renter-occupied home
c
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Which of the following factors changes saving supply and hence shifts the supply of loanable funds curve?
i. disposable income ii. wealth iii. expected profit A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Over the past century, the main factor responsible for rising living standards in the United States has been productivity growth.
Answer the following statement true (T) or false (F)
Economic theory would suggest that rising oil prices would reduce the amount of oil exploration and extraction.
Answer the following statement true (T) or false (F)
When unexpected inflation occurs,
A. real wages rise. B. average prices have increased. C. lenders benefit. D. borrowers are harmed.