From a policy standpoint, which of the following is most likely to advocate a ba

Question

From a policy standpoint, which of the following is most likely to advocate a balanced budget amendment requiring Congress to balance the budget every year?

Question 5 options:

Budget hawk

Budget dove

Budget owl

Budget pigeon

All of the above

I write 'IOU' on a piece of paper. According to modern monetary theory (MMT), have I created money?

Question 6 options:

No - at least, not until your IOU's have become widely accepted as a means of payment.

Yes, if the IOU can be used to reduce transaction costs.

No, the paper has no intrinsic value and is therefore not money.

Yes, money is an 'IOU' and 'IOU's are money.

Budget hawk

Budget dove

Budget owl

Budget pigeon

All of the above

I write 'IOU' on a piece of paper. According to modern monetary theory (MMT), have I created money?

Question 6 options:

No - at least, not until your IOU's have become widely accepted as a means of payment.

Yes, if the IOU can be used to reduce transaction costs.

No, the paper has no intrinsic value and is therefore not money.

Yes, money is an 'IOU' and 'IOU's are money.

Explanation / Answer

- budget hawk is correct

Budget hawk is someone who emphasizes a lot on keeping the budget checked. It writes off wastefull expenditure.

- no atleast not until your IOUs have become widely accepted as a means of payment- is correct

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