The Weekend Quiz – August 13-14, 2022

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.

Quiz #696

  • 1. In a fiat monetary system with an on-going external deficit, if a government wants the domestic private sector to reduce its overall debt levels without employment losses, then it has increase its fiscal deficit beyond the size of the external deficit.
    • False
    • True
  • 2. The only time that a fiscal surplus represents increased national savings is when the government creates a sovereign fund.
    • False
    • True
  • 3. The massive build-up of Chinese holdings of US government debt allowed US citizens to enjoy a higher material standard of living overall at the expense of the residents of China.
    • False
    • True

Sorry, quiz 696 is now closed.

You can find the answers and discussion here

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