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The Weekend Quiz – March 3-4, 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. After economic growth resumes, the government can rely on the automatic stabilisers to return the fiscal balance to its appropriate level.



2. Only one of the following combinations is possible for a nation (balances expressed as a proportion of GDP):





3. The Eurozone nations have to endure internal devaluation (nominal wages and prices deflation and/or productivity growth) to adjust to external imbalances. It is claimed that this process will the individual nations more competitive as long as real unit labour costs fall faster than their trading partners. However, ignoring whether the logic is correct or not, which of the following propositions must also follow if the logic is to follow:







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    This Post Has 3 Comments
    1. Heck, this cold weather has frozen my brain, and I’ve turned into a neoliberal!
      Like those Korean cheerleaders, I need some re-education, pronto! :-)
       
      (I must say, I wondered if in Q.3 “employment” was a typo, and it should have read “unemployment”?)

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