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…
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.
- 1. A program of fiscal austerity, defined as the government running a fiscal surplus, does not necessarily undermine economic growth.
- 2. The public debt ratio is of no concern because it falls once economic growth resumes.
- 3. The initial expansionary impact of deficit spending on aggregate demand is lower when the government matches the deficit with debt-issuance compared to a situation when it issues no debt.
Sorry, quiz 570 is now closed.
You can find the answers and discussion here