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The Weekend Quiz – January 4-5, 2020

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 government has two macroeconomic policy arms available - fiscal and monetary policy. However, it only has control over monetary policy



2. Americans enjoy a higher material standard of living as a result of the Chinese holdings of US government debt.



3. A strategy to force the government to maintain a balanced fiscal position that the private domestic sector has to be continuously accumulating debt unless the external account moves into surplus.





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    This Post Has One Comment
    1. HI!

      I think that the 3rd question is missing the words “means that” (or equivalent, “rests on the principle that”)

      A strategy to force the government to maintain a balanced fiscal position “MEANS THAT” that the private domestic sector has to be continuously accumulating debt unless the external account moves into surplus.

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