Flexible and floating exchange rates offer an effective international monetary arrangement.
👎2.4%
🤏28.3%
👍69.2%
Tariffs and import quotas usually reduce general economic welfare.
👎5.3%
🤏25.4%
👍69.3%
Some restrictions on the flow of financial capital are essential to the stability and soundness of the international financial system.
👎24.6%
🤏39.8%
👍35.6%
The economic benefits of an expanding world population outweigh the economic costs.
👎42.4%
🤏32.5%
👍25.0%
The persistent U.S. trade deficit is due primarily to non-tariff trade barriers and/or nominal exchange rate manipulations.
👎77.3%
🤏14.5%
👍8.2%
A large balance of trade deficit has an adverse effect on the economy.
👎65.2%
🤏25.9%
👍8.9%
An economy that operates below potential GDP has a self correcting mechanism that will eventually return it to potential GDP.
👎48.1%
🤏38.9%
👍12.9%
There is a natural rate of unemployment to which the economy tends in the long run.
👎26.0%
🤏38.8%
👍35.2%
The Federal Reserve has the capacity to achieve a constant rate of growth in the money supply if it so desired.
👎25.3%
🤏39.9%
👍34.8%
Changes in aggregate demand affect real GDP in the short run but not in the long run.
👎34.9%
🤏31.7%
👍33.4%
The level of government spending relative to GDP in the U.S. should be reduced (disregarding expenditures for stabilization).
👎57.3%
🤏19.7%
👍23.0%
Macro models based on the assumption of a “representative, rational agent” yield generally useful and reasonably accurate predictions.
👎43.2%
🤏42.5%
👍14.3%
In the short run, a reduction in unemployment causes the rate of inflation to increase.
👎50.0%
🤏37.6%
👍12.4%
If the federal budget is to be balanced, it should be done over the course of the business cycle rather than yearly.
👎7.0%
🤏24.7%
👍68.3%
A large federal budget deficit has an adverse impact on the economy.
👎38.6%
🤏41.7%
👍19.7%
Fiscal policy (e.g. tax cut and/or expenditure increase) has a significant stimulative impact on a less than fully employed economy.
👎5.9%
🤏31.5%
👍62.6%
Appropriately designed fiscal policy can increase the long-run rate of capital formation and economic growth.
👎9.6%
🤏27.0%
👍63.4%
Management of the business cycle should be left to the Federal Reserve; activist fiscal policies should be avoided.
👎66.6%
🤏21.2%
👍12.2%
Inflation is caused primarily by too much growth in the money supply.
👎29.2%
🤏36.9%
👍33.9%
The distribution of income in the U.S. should be more equal.
👎14.2%
🤏20.6%
👍65.2%
The Federal Reserve should focus on a low rate of inflation rather than other goals such as employment, economic growth, or asset bubbles.
👎61.6%
🤏20.5%
👍18.0%
The Earned Income Tax Credit program should be expanded.
👎9.9%
🤏30.0%
👍60.1%
During the pandemic, there is a trade-off between economic well-being and public health measures.
👎43.7%
🤏22.4%
👍33.9%
The distribution of income and wealth has little, if any, impact on economic stability and growth.
👎77.7%
🤏16.2%
👍6.1%
Immigration generally has a net positive economic effect for the US economy.
👎3.0%
🤏19.4%
👍77.6%
Redistribution of income is a legitimate role for the US Government.
👎13.7%
🤏22.3%
👍64.0%
Climate change poses a major risk to the US economy.
👎14.0%
🤏14.3%
👍71.7%
A minimum wage increases unemployment among young and unskilled workers.
👎35.0%
🤏35.1%
👍29.8%
Welfare reforms which place time limits on public assistance have increased the general well-being of society.
👎45.9%
🤏32.7%
👍21.4%
The competitive model is generally more useful for understanding the U.S. economy than are game theoretic models of imperfect competition or collusion.
👎53.5%
🤏30.1%
👍16.4%
Pollution taxes or marketable pollution permits are a more efficient approach to pollution control than emission standards.
👎12.2%
🤏27.8%
👍60.0%
Easing restrictions on immigration will depress the average wage rate in the United States.
👎63.8%
🤏24.3%
👍11.9%
The long run benefits of higher taxes on fossil fuels outweigh the short run economic costs.
👎11.9%
🤏15.0%
👍73.1%
Antitrust laws should be enforced vigorously.
👎7.0%
🤏25.2%
👍67.8%
Reducing the tax rate on income from capital gains would encourage investment and promote economic growth.
👎53.5%
🤏25.9%
👍20.6%
There are few gender compensation and promotion differentials unexplained by differences in career and/or life choices.
👎58.6%
🤏20.6%
👍20.8%
Reducing the regulatory power of the Environmental Protection Agency (EPA) would improve the efficiency of the U.S. economy.
👎74.0%
🤏15.3%
👍10.6%
Lower marginal income tax rates increase the time spent at work and reduce time at leisure.
👎48.7%
🤏33.8%
👍17.5%
The structural U.S. federal deficit should be eliminated through a combination of lower expenditures and higher tax revenues.
👎36.5%
🤏39.4%
👍24.2%
The increasing inequality in the distribution of income in the U.S. is due primarily to the benefits and pressures of a global economy.
👎64.1%
🤏25.4%
👍10.5%
Addressing biases in individuals and institutions can improve both equity and efficiency.
👎10.0%
🤏25.3%
👍64.8%
Differences in economic outcomes between whites and blacks in the US are in large part due to the persistence of discriminatory norms and institutions.
👎22.1%
🤏23.8%
👍54.1%
Corporate economic power has become too concentrated.
👎14.8%
🤏22.6%
👍62.6%
Lab experiments and randomized controlled trials are one of the most effective tools to identify causal effects and evaluate policies.
👎22.4%
🤏45.3%
👍32.2%
Universal health insurance coverage will increase economic welfare in the United States.
👎12.2%
🤏19.2%
👍68.6%
The US economy provides sufficient opportunities for social mobility.
👎52.3%
🤏30.0%
👍17.7%