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 – August 29-30, 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 #597
- 1. If the inflation rate is steady and the central bank maintains a constant nominal interest rate, then the public debt ratio will rise if the government deficit doubles, not that that observation is of any concern.
- False
- True
- 2. Real wage increases require the rate of growth in earnings to be faster than labour productivity growth.
- False
- True
- 3. A fiscal surplus indicates that the national government is trying to slow the economy down and contain inflation.
- False
- True
Sorry, quiz 597 is now closed.
You can find the answers and discussion here
