{"id":30801,"date":"2015-05-02T04:00:07","date_gmt":"2015-05-01T18:00:07","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=30801"},"modified":"2015-05-02T04:00:07","modified_gmt":"2015-05-01T18:00:07","slug":"saturday-quiz-may-2-2015","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=30801","title":{"rendered":"Saturday Quiz &#8211; May 2, 2015"},"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 questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><br \/>\n<h4>Quiz #319<\/h4><ul>\n<li>1. If there is an external deficit of 2 per cent of GDP and the government achieves a fiscal balance then the private domestic sector will have:<\/li><ul><li>an excess of spending relative to its income equal to 2 per cent of GDP.<\/li><li>a deficit in spending relative to its income equal to 2 per cent of GDP.<\/li><li>Cannot really tell definitively without further information.<\/li><\/ul>\n<li>2. When a national government borrows from the private sector it drains funds out of the system and reduces the risk that public spending will overheat the economy.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. A national government would be unable to rely on the central bank purchasing treasury debt to match its fiscal deficit (that is, \"monetise the deficit\") if the central bank is targeting a positive short-term policy rate.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 319 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=30799\">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 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-30801","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\/30801","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=30801"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/30801\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}