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The Weekend Quiz – November 23-24, 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. Continuous fiscal deficits are more likely to present an inflation risk than one-off deficits designed to meet a short-term private spending decline.



2. A nation running an external deficit accompanied by a government sector surplus (of equal proportion to GDP as the external deficit) will soon be in recession unless the private domestic sector is willing to continually increase its overall indebtedness.



3. To maintain financial stability, the monetary base has to be driven by changes in the money supply just as the money multiplier in mainstream macroeconomics textbooks explains.





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