- How much of the money supply exists as physical currency?
- How exactly does Quantitative Easing work (hint--printing money is a failing answer)?
- What are the two types of government debt?
- What is a budget deficit?
- What is the difference between government deficit and government debt?
- Define in relation to each other:
- Primary deficit,
- total deficit
- debt
- Primary deficit,
- What is a Structural deficit?
- What are the forms of Government Indebtedness?
- What is fractional reserve banking?
- What is full reserve banking?
- What are some of the potential policy solutions for budget deficits and critiques of each?
- What is the difference between Gross Domestic Product (GDP) and Gross National Product (GNP)?
- How much national debt is too much?
- Is inflation a bad thing for an economy?
I will say that there is more than one trick question on this quiz!
I'll post my answers in a few days.