The Weekend Quiz – October 29-30, 2016

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post.

See how you go with the following questions. Your results are only known to you and no records are retained.

Quiz #397

  • 1. The extended period of quantitative easing in many nations has not seen inflation accelerate. This strongly refutes the mainstream theory of inflation embodied in the mainstream Quantity Theory of Money, which claims that growth in the stock of money will be inflationary.
    • False
    • True
  • 2. At present, bank lending is capital- rather than reserve constrained. If the central bank forced banks to maintain a 100 per cent reserve ratio then lending would also become reserve constrained.
    • False
    • True
  • 3. In the context of population ageing, a currency-issuing sovereign government can always provide first-class health care to its citizens even in the face of rising dependency ratios.
    • False
    • True

Sorry, quiz 397 is now closed.

You can find the answers and discussion here

This Post Has 2 Comments

  1. Re: the missing predicate, I assumed there was a missing “is” after “fact”.

    “the fact [is] that a currency-issuing sovereign government …”.
    .
    It seems I got lucky again, but as always, with some trepidation. Now to see the explanations…

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