{"id":13792,"date":"2011-03-12T04:00:08","date_gmt":"2011-03-11T17:00:08","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=13792"},"modified":"2011-03-12T04:00:08","modified_gmt":"2011-03-11T17:00:08","slug":"saturday-quiz-march-12-2011","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=13792","title":{"rendered":"Saturday Quiz &#8211; March 12, 2011"},"content":{"rendered":"<p>\t\t\t\tWelcome to the <strong>billy blog Saturday quiz<\/strong>. The quiz tests whether you have been paying attention over the last seven days.  See how you go with the following six questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><br \/>\n<h4>Quiz #103<\/h4><ul>\n<li>1. A program of fiscal austerity may not undermine attempts by the private domestic sector to reduce its indebtedness.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. The public debt ratio is of no concern because it falls once economic growth resumes.<\/li><ul><li>False<\/li><li>True <\/li><\/ul>\n<li>3. The money multiplier is in fact more correctly considered to be a divisor relating the monetary base to the money supply.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>4. Only one of the following propositions is possible (with all balances expressed as a per cent of GDP):    <\/li><ul><li>A nation can run a current account deficit accompanied by a government sector surplus of equal proportion to GDP, while the private domestic sector is spending less than they are earning.<\/li><li> A nation can run a current account deficit accompanied by a government sector surplus of equal proportion to GDP, while the private domestic sector is spending more than they are earning.<\/li><li>A nation can run a current account deficit with a government sector surplus that is larger, while the private domestic sector is spending less than they are earning.<\/li><li>None of the above are possible as they all defy the sectoral balances accounting identity.<\/li><\/ul>\n<li>5. Premium Question: The 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 issued no debt.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 103 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=13794\">here<\/a><\/p>\n\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the billy blog Saturday quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following six questions. Your results are only known to you and no records are retained.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-13792","post","type-post","status-publish","format-standard","hentry","category-saturday-quiz","entry","no-media"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/13792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13792"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/13792\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}