table tenpropositions about which most economists agree
proposition (and percentage of economists who agree)
1. A ceiling on rents reduces the quantity and quality of housing available (93%)
2. Tariffs and import quotas usually reduce general economic welfare
3.flexible and floating exchange rates offer an effective international monetaty arrangement
4.fiscal policy ( c.g. tax cut and /or government expenditrue increase) has a significant stimulative impact on a less than fully employed economy
5.If the federal budget is to be balanced, it should be done over the business cycle rather than yearly