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The Weekend Quiz – August 29-30, 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. If the inflation rate is steady and the central bank maintains a constant nominal interest rate, then the public debt ratio will rise if the government deficit doubles, not that that observation is of any concern.

2. Real wage increases require the rate of growth in earnings to be faster than labour productivity growth.

3. A fiscal surplus indicates that the national government is trying to slow the economy down and contain inflation.

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