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The Weekend Quiz – February 22-23, 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. A program of fiscal austerity, defined as the government running a fiscal surplus, does not necessarily undermine economic growth.



2. The public debt ratio is of no concern because it falls once economic growth resumes.



3. The initial expansionary impact of deficit spending on aggregate demand is lower when the government matches the deficit with debt-issuance compared to a situation when it issues no debt.





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