{"id":42311,"date":"2019-05-10T16:00:35","date_gmt":"2019-05-10T06:00:35","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=42311"},"modified":"2019-05-10T16:00:35","modified_gmt":"2019-05-10T06:00:35","slug":"the-weekend-quiz-may-11-12-2019","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=42311","title":{"rendered":"The Weekend Quiz &#8211; May 11-12, 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 #529<\/h4><ul>\n<li>1.  In a fixed coupon government bond auction, the higher is the demand for the bonds:<\/li><ul><li>the lower the yields will be at that asset maturity but this tells us nothing about the effect of fiscal deficits on short-term interest rates<\/li><li>the lower the yields will be at that asset maturity which suggests that higher fiscal deficits will eventually drive short-term interest rates down<\/li><li>the higher the yields will be at that asset maturity which suggests that higher fiscal deficits will eventually drive short-term interest rates down<\/li><\/ul>\n<li>2. When the government borrows from the non-government sector it eventually has to pay the bonds back on maturity. This will:<\/li><ul><li>not be inflationary because the sovereign government just has to credit the bank accounts of those who hold the bonds to repay them.<\/li><li>be inflationary if the government payments to bond holders at maturity add more to nominal aggregate demand than the real economy can support given other policy settings.<\/li><li>be inflationary if by the time the bonds mature the economy is growing strongly so there will be too much money floating about.<\/li><\/ul>\n<li>3. When an external deficit and public deficit coincide, there must be a private sector deficit, which means that governments can only really run fiscal deficits to support a private sector surplus, when net exports are strong.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 529 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=42309\">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-42311","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\/42311","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=42311"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/42311\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}