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Chartalism: Quiz


Question 1: These yield radically opposite conclusions to ________ on national budgeting, arguing that persistent government deficits are necessary to a growing economy.
Mainstream economicsHeterodox economicsSaltwater and freshwater economicsKeynesian economics

Question 2: monopoly provision of ________ by the state.
United States dollarFederal Reserve SystemCentral bankFiat money

Question 3: [3] Chartalism experienced a revival under Abba P. Lerner[4], and has a number of modern proponents, who largely identify as ________.
Keynesian economicsPost-Keynesian economicsJohn Maynard KeynesNew Keynesian economics

Question 4: Decreases in national debt yield a decrease in private sector savings, and thus an increase in leverage of the private sector, which can yield a ________.
Real estate bubbleStock market bubbleFinancial crisisEconomic bubble

Question 5: It was influential on the 1930 Treatise on Money by ________[2] – Knapp and Chartalism are cited approvingly on its opening pages.
Milton FriedmanFriedrich von HayekJohn Maynard KeynesKeynesian economics

Question 6:
  • floating exchange rates, so there is no need for monetary policy to defend ________ (as under a fixed exchange rate regime or gold standard); and
    International tradeForeign exchange reservesInternational Monetary FundSovereign wealth fund

Question 7: Government debt implies ________.
Business cycleKeynesian economicsJohn Maynard KeynesDeficit spending

Question 8: Many proponents of chartalism argue that a fiat system is preferable to a ________ system, particularly because it allows for government deficit spending for fiscal stimulus in ways not possible under a commodity money system.
GoldCommodity moneyEconomicsInflation

Question 9: Chartalism is distinctly different than the widely accepted views of ________.
Open market operationsCentral bankFederal Reserve SystemMoney creation

Question 10: Chartalists are in agreement with ________ on the desirability of deficit spending for fiscal stimulus in case of lack of effective demand, for partly overlapping reasons.
Keynesian economicsJohn Maynard KeynesCapitalismEconomics


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