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The Weekend Quiz – October 17-18, 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. Under current public sector debt-issuance arrangements (where sovereign governments match their deficits with issues of debt), the government and the private domestic sector cannot simultaneously spend less than they earn.True False2. The estimates provided by institutions such as the OECD and the IMF of the size of the automatic stabilisers are typically biased downwards.True False3. Governments concerned with their public debt ratio should encourage growth because the ratio will fall once economic growth resumes.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 – October 17-18, 2020

1. Under current public sector debt-issuance arrangements (where sovereign governments match their deficits with issues of debt), the government and the private domestic sector cannot simultaneously spend less than they earn.



2. The estimates provided by institutions such as the OECD and the IMF of the size of the automatic stabilisers are typically biased downwards.



3. Governments concerned with their public debt ratio should encourage growth because the ratio will fall once economic growth resumes.





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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