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Saturday Quiz – June 29, 2013

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.

1. The private domestic sector cannot save if the nation's external sector is in balance and the government runs a balanced budget.

2. Modern Monetary Theory rejects the notion of the money multiplier but still accepts that continually expanding the money supply will inevitably be inflationary.

3. By voluntarily issuing debt to match its net spending and taking funds out of the private sector, governments create more non-inflationary room for themselves to spend.

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