Quiz #588

• 1. National accounting shows us that a government surplus equals a non-government deficit. If fiscal austerity does generate fiscal surpluses it does so by swapping public for private debt.
• False
• True
• 2. In a stock-flow consistent macroeconomics, the sectoral balance stocks all sum to zero.
• False
• True
• 3. Public spending can "crowd out" private spending.
• False
• True