{"id":42210,"date":"2019-04-26T16:00:31","date_gmt":"2019-04-26T06:00:31","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=42210"},"modified":"2019-04-26T16:00:31","modified_gmt":"2019-04-26T06:00:31","slug":"the-weekend-quiz-april-27-28-2019","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=42210","title":{"rendered":"The Weekend Quiz &#8211; April 27-28, 2019"},"content":{"rendered":"<p>\t\t\t\tWelcome to <strong>The Weekend Quiz<\/strong>. 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.<br \/>\n<!--more--><\/p>\n<h4>Quiz #527<\/h4><ul>\n<li>1. The Australian Treasury equates the Non-Accelerating Inflation Rate of Unemployment (NAIRU) with full employment and uses this to calibrate their structural deficit estimates. Accordingly, the structural deficits reported will typically be:<\/li><ul><li>biased downwards, indicating, that at any point in the business cycle, that the government fiscal stance is less expansionary than it actually is.<\/li><li>biased upwards, indicating, that at any point in the business cycle, that the government fiscal stance is more expansionary than it actually is.<\/li><li>difficult to assess because the Treasury forward estimates are subject to forecasting inaccuracy.<\/li><\/ul>\n<li>2. In a fiat monetary system, the absence of currency convertibility means:<\/li><ul><li>there is no reason for people to hold currency as a hedge against gold price falls.<\/li><li>that the currency is only convertible into government bonds rather than gold.<\/li><li>that the government can motivate people to exchange goods and services in return for public spending by fining anyone of working age who walks down the street. <\/li><\/ul>\n<li>3.  When a sovereign government issues debt it logically:<\/li><ul><li>increases the assets that are held by the non-government sector $-for-$.<\/li><li>has no impact on the overall holdings of assets held by the non-government sector $-for-$<\/li><li>reduces the capacity of the private sector to borrow from banks because they use their deposits to buy the bonds.<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 527 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=42208\">here<\/a><\/p>\n\t\n","protected":false},"excerpt":{"rendered":"<p>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.<\/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-42210","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\/42210","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=42210"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/42210\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}