{"id":43006,"date":"2019-08-23T16:00:20","date_gmt":"2019-08-23T06:00:20","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=43006"},"modified":"2019-08-23T16:00:20","modified_gmt":"2019-08-23T06:00:20","slug":"the-weekend-quiz-august-24-25-2019","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=43006","title":{"rendered":"The Weekend Quiz &#8211; August 24-25, 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 #544<\/h4><ul>\n<li>1. A fiscal deficit equivalent to 3 per cent of GDP signals that the government is having a less expansionary impact than if the fiscal deficit outcome was equivalent to 5 per cent of GDP.<\/li><ul><li>False<\/li><li>True<\/li><li>Cannot determine policy intent until we know the automatic stabiliser component<\/li><\/ul>\n<li>2. If the external balance remains in surplus and is adding to total spending, then the national government can run a fiscal surplus without preventing economic growth from occurring.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. Consider the following table which describes four different economies in terms of the behavioural parameters relating to the leakages to aggregate demand. Assume that in all four economies, there is idle capacity, the central bank holds all interest rates constant, inflation is constant and there are no changes in international competitiveness.  <div style=\"clear:both\"><\/div> <a href=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2010\/10\/Spending_multiplier_models.jpg\" rel=\"lightbox[12042]\"><img src=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2010\/10\/Spending_multiplier_models.jpg\" alt=\"\" title=\"Spending_multiplier_models\" class=\"alignnone size-full wp-image-12048\" scale=\"0\" width=\"690\" height=\"120\"><\/a> <div style=\"clear:both\"><\/div>  Which economy would deliver the largest national income bonus for a given discretionary expansion in government spending.<\/li><ul><li>Economy A<\/li><li>Economy B<\/li><li>Economy C<\/li><li>Economy D<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 544 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=43004\">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-43006","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\/43006","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=43006"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/43006\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}