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The Weekend Quiz – May 23-24, 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. Modern Monetary Theory (MMT) refutes the claim that government spending can crowd out private spending.TrueFalse2. In general, the OECD and IMF estimates of the impact of the automatic stabilisers in-built into fiscal policy are biased downwards.True False3. When a government runs a continuous fiscal deficit public spending builds up over time and eventually exposes the economy to inflation risk.TrueFalse

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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 23-24, 2020

1. Modern Monetary Theory (MMT) refutes the claim that government spending can crowd out private spending.



2. In general, the OECD and IMF estimates of the impact of the automatic stabilisers in-built into fiscal policy are biased downwards.



3. When a government runs a continuous fiscal deficit public spending builds up over time and eventually exposes the economy to inflation risk.





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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