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The Weekend Quiz – February 8-9, 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. For workers to get a rising share of national income their nominal wages have to grow faster than inflation.TrueFalse2. Modern Monetary Theory implies that higher levels of taxation are not necessary for the government to spend more in real terms.TrueFalse3. After a deep recession, governments wanting to reduce their unemployment rates should use expansionary fiscal policy such that real GDP growth equals the sum of the labour productivity growth and the labour force growth rate.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.

1. For workers to get a rising share of national income their nominal wages have to grow faster than inflation.



2. Modern Monetary Theory implies that higher levels of taxation are not necessary for the government to spend more in real terms.



3. After a deep recession, governments wanting to reduce their unemployment rates should use expansionary fiscal policy such that real GDP growth equals the sum of the labour productivity growth and the labour force growth 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.

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