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The Weekend Quiz – December 11-12, 2021

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. During the American Civil War, the Confederate states experienced rising inflation as a result of their war spending in 1861. The Confederate Government could have eased the inflationary impact of this spending by issuing more bonds than it did.



2. Government deficits can crowd out private spending.



3. If there is an external deficit, then government deficits are required if private households are to save.





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