Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of Modern…
The Weekend Quiz – December 17-18, 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.
Quiz #404
- 1. During the American Civil War, the Confederate states experienced rising inflation as a result of their war spending in 1861. The Confederate Government could have eased the inflationary impact of this spending by issuing more bonds than it did.
- False
- True
- 2. Modern Monetary Theory (MMT) does not reject the claim that government spending can crowd out private spending.
- False
- True
- 3. If there is an external (current account) deficit, then government deficits are required if private households are to save.
- False
- True
Sorry, quiz 404 is now closed.
You can find the answers and discussion here
Tricked, by mixing up private households with private sector!