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Saturday Quiz – May 31, 2014

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. One of the few advantages of a currency-issuing government issuing bonds to match its deficit spending is that it boosts private sector wealth.



2. The stock of government spending continually rises when there are rising fiscal deficits.



3. When a government records a budget surplus which means it is withdrawing net purchasing power from the economy and reducing the economic growth rate of the economy, we cannot conclude that it has adopted a policy of austerity.





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