The Weekend Quiz – April 18-19, 2020

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.

Quiz #578

  • 1. From the perspective of Modern Monetary Theory (MMT), mass unemployment can arise from workers demanding excessive real wages.
    • False
    • True
  • 2. If a government balances its fiscal position over a given economic cycle (peak to peak), then the private domestic sector will be increasingly indebted if there is an average external deficit over the same cycle.
    • False
    • True
  • 3. If wages keep pace with inflation, which is accelerating at the same rate as labour productivity then the share of wages in GDP remains unchanged.
    • False
    • True

Sorry, quiz 578 is now closed.

You can find the answers and discussion here

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