In a rent-to-own agreement, the title to the house remains with the landlord until the tenant exercises his or her option and purchases the property. In other words, the starting point of this kind of an arrangement is a tenancy, not a house purchase transaction.
True or false: Derived demand is demand for producer resource/ labor inputs to be used indirectly to satisfy consumer demand in the production of final goods and services. Recall that improvements in the quality of a variable resource increase its marginal productivity and therefore its demand.
(Note that goods in this context technically refers to both goods and services.) Specifically, the aggregate demand curve shows real GDP, which, in equilibrium, represents both total output and total income in an economy, on its horizontal axis.