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The Weekend Quiz – April 18-19, 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. From the perspective of Modern Monetary Theory (MMT), mass unemployment can arise from workers demanding excessive real wages.



2. If a government balances its fiscal position over a given economic cycle (peak to peak), then the private domestic sector will be increasingly indebted if there is an average external deficit over the same cycle.



3. If wages keep pace with inflation, which is accelerating at the same rate as labour productivity then the share of wages in GDP remains unchanged.





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