Saturday Quiz – December 26, 2015

Welcome to the Special Boxing Day Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.

Quiz #353

• 1. A hallmark of the neo-liberal period has been the declining share of wages in national income which in part meant that economic growth became more dependent on credit to maintain growth in consumption spending. Increasing the wage share will require that real wages grow in the coming years.
• False
• True
• 2. In a stock-flow consistent macroeconomics, the sectoral balance stocks all sum to zero.
• False
• True
• 3. A rising household saving ratio combined with an stable external deficit that is draining aggregate spending, doesn't necessarily mean that the fiscal deficit has to rise to maintain current output growth.
• False
• True

Sorry, quiz 353 is now closed.

You can find the answers and discussion here