41. Credit cards are considered a. part of the money supply b. not part of the m

Question

41. Credit cards are considered a. part of the money supply b. not part of the money supply c. part of the government's debt d. none of the above 42. Which of the following is an automatic stabilizer? a. the capital gains tax. b. unemployment compensation c. the corporate income tax. d. the government expenditures multiplier 43. Which of the following groups owns the most U.S. government debt: a. the Federal Reserve b. Foreign governments and individuals c. U.S. citizens d. state and local governments e. households.

Explanation / Answer

41. b) not part of the money supply

They are not part of the money supply but are loans or exactly they are unsecured loans. So, the as loans are not considered money and thus also not included in the money supply.

42. c) the corporate income tax

Automatic stabilizers are economic procedures and programs such as the corporate income tax, which are intended to offset instabilities in a nation's economic actions without being intervened by the government or policymakers.

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