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The Weekend Quiz – June 18-19, 2022

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 #688

  • 1. When a currency-issuing government voluntarily constrains itself ensure any fiscal deficits are matched by borrowing from the private sector, it reduces the funds available for private investment expenditure.
    • False
    • True
  • 2. An increasing fiscal deficit tells us nothing about the government's policy intentions.
    • False
    • True
  • 3. The crucial difference between a monetary system based on the convertible currency backed by gold and a fiat currency monetary is that under the former system:
    • The national government could not use net spending to achieve full employment.
    • The national government had to issue debt to cover spending above taxation.
    • Excessive national government spending led to inflation.
    • None of the above.

Sorry, quiz 688 is now closed.

You can find the answers and discussion here

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