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 – December 30-31, 2017
Welcome to The Weekend 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 #458
- 1. When the government matches its deficit with debt-issuance it changes the portfolio of wealth held in the non-government sector. The impact on purchasing power is equivalent to a leakage from the expenditure system (akin to taxation, saving or imports) which reduces the expansionary impact of the government deficit spending.
- False
- True
- 2. A public employment guarantee program, which required workers to attend a government centre each day to do jigsaw puzzles, would have no impact on national income.
- False
- True
- 3. If the government reduces its net spending by say $10 billion, the net financial assets destroyed by this fiscal withdrawal could be replaced by the central bank engaging in a $10 billion quantitative easing program.
- False
- True
Sorry, quiz 458 is now closed.
You can find the answers and discussion here
Three out of three! That’s the way to end the year!
Happy New Year Bill, and everybody.
Full House also! Good to end the year on a high!
Good wishes to Bill and thanks and appreciation for his extraordinary work.
Good wishes to all who read and post on this remarkable blog.
3/3 baby! Ha! More questions, bring ’em on! Or maybe I sign up to mmt uni?
3/3 as well.
But what I like even better is the feeling of certainty.
Happy New Year
3 out of 3 for me too. First time for quite a while.
this is the first time for me to score 3 out of 3!!!!