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Saturday Quiz – June 27, 2009

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 five questions. Your results are only known to you and no records are retained.

1. Japan was able to keep interest rates at zero for 15 or more years because

2. Taxation revenue will rise as the budget deficits rise because

3. The government deficits may ultimately lead to higher tax rates being imposed

4. The German fiscal rule to ban deficits and run balanced budgets would work

5. If the economy has unemployed workers but cannot produce any more real output then the government

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