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The Weekend Quiz – June 27-28, 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. National accounting shows us that a government surplus equals a non-government deficit. If fiscal austerity does generate fiscal surpluses it does so by swapping public for private debt.

2. In a stock-flow consistent macroeconomics, the sectoral balance stocks all sum to zero.

3. Public spending can "crowd out" private spending.

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