Wednesday , December 11 2019
Home / Bill Mitchell / The Weekend Quiz – November 30-December 1, 2019

The Weekend Quiz – November 30-December 1, 2019

Summary:
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. The distinction between structural and the cyclical components of the final government balance helps us to determine the direction of the discretionary fiscal policy stance of the government. In that context, which of the following situations represents the more expansionary outcome:A government deficit equivalent to 5 per cent of GDPA government deficit equivalent to 3 per cent of GDPYou cannot tell because you do not know the decomposition between the cyclical and structural components.2. If private domestic investment is greater than private

Topics:
Bill Mitchell considers the following as important:

This could be interesting, too:

Bill Mitchell writes The Weekend Quiz – December 7-8, 2019 – answers and discussion

Bill Mitchell writes The Weekend Quiz – December 7-8, 2019

Bill Mitchell writes The Weekend Quiz – November 30-December 1, 2019 – answers and discussion

Bill Mitchell writes The Weekend Quiz – November 23-24, 2019 – answers and discussion

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. The distinction between structural and the cyclical components of the final government balance helps us to determine the direction of the discretionary fiscal policy stance of the government. In that context, which of the following situations represents the more expansionary outcome:




2. If private domestic investment is greater than private domestic saving and the current account is in deficit then the government balance has to be in deficit at all levels of GDP.



3. If a central bank uses "overt monetary financing" (OMF) to support the net public spending, it would still require debt issuance if they wanted to target a non-zero policy interest rate.





Bill Mitchell
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. He is also a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. The band was popular around the live music scene in Melbourne in the late 1970s and early 1980s. The band reformed in late 2010.

Leave a Reply

Your email address will not be published. Required fields are marked *