Quiz #664

• 1. Like anything in abundance, the value of the currency has to decline when there is more of circulating in the economy.
• False
• True
• 2. A fiscal rule at the national government level that required its fiscal balance to be in balance at all times would eliminate swings in the balance driven by the automatic stabilisers.
• False
• True
• 3. The private domestic sector will save overall even with a government fiscal surplus as long as net exports are positive.
• False
• True