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The Weekend Quiz – October 22-23, 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.

These were the Quiz questions for the second week of my edx MOOC – Modern Monetary Theory: Economics for the 21st Century – that finished recently.

I promised students that I would provide answers and analysis for them after the course finished.

1. The reason that MMT economists favour flexible exchange rates over the Bretton Woods system of fixed exchange rates is because:





2. The lesson that the Pompeii story taught us was that:





3. If the expenditure multiplier is estimated to be 1.5, then if the government expands its spending by $100 billion, we expect GDP to rise by





4. The expenditure multiplier will be largest in which case:





5. If you observed the following conditions, which would be consistent with a stable GDP level?







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