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The Weekend Quiz – January 27-28, 2018

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. A currency-issuing government can run a balanced fiscal position (spending equals tax receipts) over the economic cycle (peak to peak) as long as it accepts that after all the spending adjustments are exhausted that the private domestic balance will only be in surplus if the external balance is in surplus.

2. A basic understanding of Modern Monetary Theory (MMT) would leave you to conclude that excessive real wage demands by workers can cause unemployment.

3. The achievement of a fiscal surplus indicates that the national government is:

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    This Post Has 4 Comments
    1. 3/3 Yes!!!!!
      No Neoliberal tendencies an MMT foot soldier.
      I’ve been taking theses tests for a while, in the shadows.
      It’s good to “come out”

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