Saturday Quiz – February 27, 2010 – answers and discussion

Many people have written to me asking me to post answers to the Saturday Quiz. I am sympathetic to these requests but on the other hand the Quiz (which takes a few minutes to compile) is my “day off” the blog and so building in extra work would sort of defeat the purpose. But as it happens I was about to announce that from soon I was going to stop posting a regular Sunday blog. I play in a band which takes time and in a few weeks will have regular new commitments on Sunday evenings. If there is something happening that warrants comment I will but in general I was going to extend my “day off” to the whole weekend. But then I thought – I can write the answers up with some discussion on Sundays and so the weekends can become The Quiz Weekend, which should satisfy both the requests for more quiz feedback and my desire to grab some extra free (well non-blog) time. So that is the plan from now on. If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of modern monetary theory (MMT) and its application to macroeconomic thinking.

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