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Saturday Quiz – February 21, 2015

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. By defining full employment at levels above the minimum unemployment rate that could be sustained in any nation, organisations such as the IMF and the OECD, generate estimates of structural fiscal deficits that are biased downwards.



2. When a sovereign government issues debt it logically:




3. Under a fiat monetary system, the absence of currency convertibility means:






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