Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! 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…
The Weekend Quiz – June 10-11, 2017
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 #429
- 1. Modern Monetary Theory (MMT) teaches us that one of the dangers of public spending is that it can crowd out private spending.
- False
- True
- 2. National accounting shows us that a government surplus equals a non-government deficit. But that doesn't mean that if fiscal austerity ends up generating a fiscal surpluses that households and firms will be running deficits.
- False
- True
- 3. Real wage cuts under austerity programs could increase the wage share.
- False
- True
Sorry, quiz 429 is now closed.
You can find the answers and discussion here
Difficult quiz this week. I eagerly await the answers to see whether mine were correct for the right reasons, or just lucky. As always- Thanks for the quiz.