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 – July 21-22, 2018
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 #487
- 1. As a matter of accounting, the net financial assets held by the non-government sector rise $-for-$ when a sovereign government issues debt.
- False
- True
- 2. In a fiat monetary system (for example, US or Australia) with an on-going external deficit that exceeds the public deficit (expressed as percentages of GDP), the private domestic sector cannot reduce its overall debt levels (by overall saving) without incurring employment losses.
- False
- True
- 3. The imposition of fiscal rules which aim to limit the discretionary capacity of governments to net spend bias fiscal policy towards counter-cyclical responses when private spending is weak.
- False
- True
Sorry, quiz 487 is now closed.
You can find the answers and discussion here
2 out of 3! Number 3 wrong! Still an average, though elderly student.
It took me four reads to figure out the sentence that is question three. Then I still got it wrong!
2 out of 3 again, but I quickly realised where I went wrong on Q2. Just needed a pen and paper to scribble on. It doesn’t come naturally… yet 🙂
3 out of 3.
Wasn’t sure if “net spend bias” meant what I thought.
woohoo, MMT Friend!