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The Weekend Quiz – May 16-17, 2020

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. If the national government stopped issuing public debt then its deficit spending would be no more expansionary than the current practice of non-government bank reserves through debt issuance.TrueFalse2. Non-government sector net worth does not immediately change when the government issues debt which exactly matches ($-for-$) the increase in net public spending.TrueFalseDepends on whether interest is paid on Excess reserves3. If net exports are contributing to economic growth, then the national government may have the room to run a fiscal surplus

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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.

The Weekend Quiz – May 16-17, 2020

1. If the national government stopped issuing public debt then its deficit spending would be no more expansionary than the current practice of non-government bank reserves through debt issuance.



2. Non-government sector net worth does not immediately change when the government issues debt which exactly matches ($-for-$) the increase in net public spending.




3. If net exports are contributing to economic growth, then the national government may have the room to run a fiscal surplus without impeding that growth.





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.

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