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The Weekend Quiz – April 10-11, 2021

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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. These were the Quiz questions for the second week of my edx MOOC – Modern Monetary Theory: Economics for the 21st Century. I promised students that I would provide answers and analysis for them after the course finished. So over the course of April 2021 we will be answering the questions posed each week of the MOOC. 1. The reason that MMT economists favour flexible exchange rates over the Bretton Woods system of fixed exchange rates is because:(a) Fiscal and monetary policy tools can target domestic policy outcomes and not be compromised by having

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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 – April 10-11, 2021

These were the Quiz questions for the second week of my edx MOOC – Modern Monetary Theory: Economics for the 21st Century.

I promised students that I would provide answers and analysis for them after the course finished. So over the course of April 2021 we will be answering the questions posed each week of the MOOC.

1. The reason that MMT economists favour flexible exchange rates over the Bretton Woods system of fixed exchange rates is because:





2. The lesson that the Pompeii story taught us was that:





3. If the expenditure multiplier is estimated to be 1.5, then if the government expands its spending by $100 billion, we expect GDP to rise by





4. The expenditure multiplier will be largest in which case:





5. If you observed the following conditions, which would be consistent with a stable GDP level?







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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