When consumers receive tax rebates and use them to pay down debt rather than to

Question

When consumers receive tax rebates and use them to pay down debt rather than to increase spendng Select one the resulting fiscal stimulus will be the same size as the initial tax rebate the resulting fiscal stimulus will be much smaller than the initial tax rebate It is impossible to say whether the resulting fiscal stimulus will be larger or smaller. the resulting fiscal stimulus will be much larger than the initial tax rebate. Savings Accounts are part of whch stock of money? Select one M1 All of the above Monetary base M2

Explanation / Answer

17. b. the resulting fiscal stimulus will be smaller than the initial tax rebate

18 d. M2

M2 includes savings deposits in banks, which are bank accounts on which you cannot write a check directly, but from which you can easily withdraw the money at an automatic teller machine or bank.

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