Through its impact on the desired stock of housing,higher expected income would lead to ________.
A)an increase in residential investment
B)a decrease in expected house price appreciation
C)a decrease in residential investment
D)a decrease in single-family dwellings

Question

Quizplus · Accepted Answer

Higher expected income would lead to an increase in the desired stock of housing, as people would be willing to spend more on housing. This would result in an increase in residential investment.

Through Its Impact on the Desired Stock of Housing,higher Expected