{"id":34559,"date":"2016-10-07T16:00:02","date_gmt":"2016-10-07T06:00:02","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=34559"},"modified":"2016-10-07T16:00:02","modified_gmt":"2016-10-07T06:00:02","slug":"the-weekend-quiz-october-8-9-2016","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=34559","title":{"rendered":"The Weekend Quiz &#8211; October 8-9, 2016"},"content":{"rendered":"<p>\t\t\t\tWelcome to <strong>The Weekend Quiz<\/strong>, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. 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 #394<\/h4><ul>\n<li>1. If calibrated correctly, quantitative easing (QE) programs run by central banks can replace the net financial assets held by the non-government sector, which are destroyed by fiscal austerity programs.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. The expansionary impact of deficit spending on aggregate spending (demand) is lower when the government matches the deficit with debt-issuance because then excess reserves are drained and the purchasing power is taken out of the monetary system.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. The government is attempting to stimulate the economy via a discretionary expansion of the fiscal deficit. The private market orientated advisors tell them to cut taxes and &apos;privatise&apos; the expansion whereas the more civic-minded advisors argue that there is a need for improved public infrastructure which requires increases in government spending. So imagine that the government is choosing between a tax cut that will reduce tax revenue at the current level of national income by $x and a spending increase of $x. Which policy option will have the greater initial impact on aggregate demand?<\/li><ul><li>Tax cut<\/li><li>Spending increase<\/li><li>Both will be equivalent<\/li><li>There is not enough information to answer this question<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 394 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=34557\">here<\/a><\/p>\n\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. 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-34559","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\/34559","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=34559"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/34559\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}