Friday , February 26 2021
Home / Bill Mitchell / The Weekend Quiz – January 16-17, 2021

The Weekend Quiz – January 16-17, 2021

Summary:
Welcome to The Weekend Quiz – the last for 2020. 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. From the perspective of Modern Monetary Theory (MMT) he is correct, excessive real wages growth can trigger mass unemployment.TrueFalse2. A government desires to reduce the unemployment rate over the next year and gears its macroeconomic policy to maintaining trend real GDP growth, which is 3.5 per cent per annum. If we know that labour productivity is growing at 2 per cent per annum, the labour force is growing at 1.5 per cent per annum, and the average working week is constant in hours, will the government succeed in its aim

Topics:
Bill Mitchell considers the following as important:

This could be interesting, too:

Bill Mitchell writes The Weekend Quiz – February 20-21, 2021 – answers and discussion

Bill Mitchell writes The Weekend Quiz – February 20-21, 2021

Bill Mitchell writes The Weekend Quiz – February 13-14, 2021 – answers and discussion

Bill Mitchell writes The Weekend Quiz – February 13-14, 2021

Welcome to The Weekend Quiz – the last for 2020. 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 – January 16-17, 2021

1. From the perspective of Modern Monetary Theory (MMT) he is correct, excessive real wages growth can trigger mass unemployment.



2. A government desires to reduce the unemployment rate over the next year and gears its macroeconomic policy to maintaining trend real GDP growth, which is 3.5 per cent per annum. If we know that labour productivity is growing at 2 per cent per annum, the labour force is growing at 1.5 per cent per annum, and the average working week is constant in hours, will the government succeed in its aim assuming real GDP is sustained at the trend?



3. A sovereign national government can run a balanced fiscal position over the economic cycle (peak to peak) as long as it accepts, that after all the spending adjustments are exhausted, that the private domestic balance will only be in surplus if the external balance is in surplus.





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.

Leave a Reply

Your email address will not be published. Required fields are marked *