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The Weekend Quiz – July 17-18, 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. 1. Over the last several decades, governments have introduced punitive measures against the unemployed and exploited the popular view, that the unemployed on income support benefits live off the hard work of those who pay taxes. The popular view has validity.TrueFalse2. Inflation fears are being hawked at the present by the financial media. But a potential problem with running continuous fiscal deficits is that the spending builds up over time which adds to inflationary pressures.TrueFalse3. If private domestic investment is less than private

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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 – July 17-18, 2021

1. Over the last several decades, governments have introduced punitive measures against the unemployed and exploited the popular view, that the unemployed on income support benefits live off the hard work of those who pay taxes. The popular view has validity.



2. Inflation fears are being hawked at the present by the financial media. But a potential problem with running continuous fiscal deficits is that the spending builds up over time which adds to inflationary pressures.



3. If private domestic investment is less than private domestic saving, and, the external sector is draining aggregate demand, then the government fiscal balance has to be in deficit no matter what level of GDP is produced.





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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