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The Weekend Quiz – October 26-27, 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. A sovereign national government can run a balanced fiscal position 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 able to save overall if the external balance is in surplus.

2. Modern Monetary Theory (MMT) demonstrates that excessive real wages can cause unemployment.

3. If workers are to get a larger share of GDP then their wages have to grow faster than inflation.

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