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The Weekend Quiz – May 23-24, 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. Modern Monetary Theory (MMT) refutes the claim that government spending can crowd out private spending.

2. In general, the OECD and IMF estimates of the impact of the automatic stabilisers in-built into fiscal policy are biased downwards.

3. When a government runs a continuous fiscal deficit public spending builds up over time and eventually exposes the economy to inflation risk.

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