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The Weekend Quiz – April 20-21, 2019

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. The public debt ratio will always fall when economic growth is positive because the primary deficit falls due to the automatic stabilisers (more tax revenue, less welfare spending) and the denominator GDP rises.

2. The automatic stabilisers work in a counter-cyclical fashion and ensure that the government fiscal balance returns to its appropriate level.

3. The monetary base always adjusts to the realised demand for credit by bank customers.

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