{"id":49023,"date":"2022-01-14T16:00:06","date_gmt":"2022-01-14T06:00:06","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=49023"},"modified":"2022-01-14T16:00:06","modified_gmt":"2022-01-14T06:00:06","slug":"the-weekend-quiz-january-15-16-2022","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=49023","title":{"rendered":"The Weekend Quiz &#8211; January 15-16, 2022"},"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<p><a href=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2020\/05\/Quiz_Image.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2020\/05\/Quiz_Image.png\" alt=\"\" width=\"296\" height=\"180\" class=\"alignnone size-full wp-image-44957\" \/><\/a><\/p>\n<h4>Quiz #670<\/h4><ul>\n<li>1. Unlike a household which not only has to service its debt obligations over the course of the loan but also has to repay them at the due date, a national government, which issues its own currency can always roll over its \"own currency\" debt obligations and never has to pay them back.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. Standing facilities that central banks maintain means that the monetary base always adjusts to the changes in the money supply.<\/li><ul><li>True<\/li><li>False<\/li><\/ul>\n<li>3. Assume that the current account deficit of a nation is stable and equal to 2 per cent of GDP throughout a complete economic cycle. The government is imposing fiscal austerity and at a particular point over that cycle we observe a government surplus equal to 3 per cent of GDP but which over the complete economic cycle will end up being balanced. We also would know two things about the private domestic sector balance - at the observation point and on average over the cycle. It would be in:<\/li><ul><li>(a) deficit by 5 per cent of GDP but on average over the cycle in surplus equal to 2 per cent of GDP.<\/li><li>(b) deficit by 5 per cent of GDP but on average over the cycle in deficit equal to 2 per cent of GDP.<\/li><li>(c) deficit by 1 per cent of GDP but on average over the cycle in surplus equal to 2 per cent of GDP.<\/li><li>(d) deficit by 1 per cent of GDP but on average over the cycle in deficit equal to 2 per cent of GDP.<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 670 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=49021\">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":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-49023","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\/49023","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=49023"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/49023\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}