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The Weekend Quiz – November 26-27, 2016

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. A rising fiscal deficit indicates an expansionary shift in government policy and the challenge is to ensure the nominal demand stimulus does not exceed the real capacity of the economy to respond by increasing real output.

1. The imposition of taxes by the national government creates unemployment, other things equal.

3. When economic growth resumes, the automatic stabilisers work in a counter-cyclical fashion and ensure that the government fiscal balance returns to its appropriate level.

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    This Post Has 5 Comments
    1. GDP is apparently overstated hmmm most of the ABS data has been pumped up under this govt.
      Next National Accounts sets to show a sobering tale – unless pumped.

    2. Mark – number three was one to stumble over, you have to remind yourself what is NOT given in the question, it’s taken me a long time to remember that.

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