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Saturday Quiz – November 23, 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. A nation can run a government sector surplus, which is larger as a proportion to GDP than the external deficit, while the private domestic sector is spending more than they are earning.



2. The automatic stabilisers built into national government fiscal policy always operate in a counter-cyclical manner.



3. Sovereign government spending becomes more costly when the bond markets push yields on new public bond issues up.





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