Saturday, February 14, 2009

7 to 9-out of-10 economists agree...

Professor Mankiw's got some interesting information about some topics about which most economist's appear to agree, including:
1. A ceiling on rents reduces the quantity and quality of housing available. (93%)
2. Tariffs and import quotas usually reduce general economic welfare. (93%)
11. A large federal budget deficit has an adverse effect on the economy. (83%)
12. A minimum wage increases unemployment among young and unskilled workers. (79%)

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