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The Weekend Quiz – July 30-31, 2016

Welcome to The Weekend Quiz, which used to be known as the 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. Modern Monetary Theory accepts that continually expanding the money supply will inevitably be inflationary.



2. If there is an external deficit of 2 per cent of GDP and the government balances its fiscal outcome then the private sector will have an excess of spending relative to its income equal to 2 per cent of GDP.



3. A national government would be unable to rely on the central bank purchasing treasury debt to match its fiscal deficit if the central bank is targeting a positive short-term policy rate.





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