The Jacksons, who file a joint return, actively participate in a solely-owned rental real estate activity that produces a $30,000 loss during the current year. Their adjusted gross income was $120,000 before considering the rental activity. How much of the rental loss, if any, are the Jacksons entitled to deduct?

All of the following describe economists except a. economists have different backgrounds and experiences. b. economists are sharply divided into competing schools of thought with little overlap of ideas and beliefs. c. economists sometime seem to offer conflicting advice. d. economists are continually seeking new answers to new problems.