The Weekend Quiz – December 30-31, 2017

Welcome to The Weekend 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. When the government matches its deficit with debt-issuance it changes the portfolio of wealth held in the non-government sector. The impact on purchasing power is equivalent to a leakage from the expenditure system (akin to taxation, saving or imports) which reduces the expansionary impact of the government deficit spending.

2. A public employment guarantee program, which required workers to attend a government centre each day to do jigsaw puzzles, would have no impact on national income.

3. If the government reduces its net spending by say $10 billion, the net financial assets destroyed by this fiscal withdrawal could be replaced by the central bank engaging in a $10 billion quantitative easing program.

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    6 Responses to The Weekend Quiz – December 30-31, 2017

    1. Lance says:

      Three out of three! That’s the way to end the year!
      Happy New Year Bill, and everybody.

    2. Simon Cohen says:

      Full House also! Good to end the year on a high!

      Good wishes to Bill and thanks and appreciation for his extraordinary work.

      Good wishes to all who read and post on this remarkable blog.

    3. CS says:

      3/3 baby! Ha! More questions, bring ’em on! Or maybe I sign up to mmt uni?

    4. Sam says:

      3/3 as well.

      But what I like even better is the feeling of certainty.

      Happy New Year

    5. Barri Mundee says:

      3 out of 3 for me too. First time for quite a while.

    6. suzuki-san says:

      this is the first time for me to score 3 out of 3!!!!

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