According to the Laffer curve
A. an increase in tax rates will have an inconsistent effect on tax revenues.
B. a decrease in tax rates will always increases tax revenues.
C. an increase in tax rates will always increase tax revenues.
D. a decrease in tax rates will always decrease tax revenues.
Answer: A
You might also like to view...
What makes up M1? Is M1 larger or smaller than real GDP?
What will be an ideal response?
Which of the following statements is false?
A) The list of stocks that are included in the Dow Jones Industrial Average changes from time to time, and is determined by the editors of the Wall Street Journal. B) The Dow Jones Industrial Average first appeared on the scene in 1896. C) When the Dow Jones Industrial Average was first computed, prudent investors bought bonds, not stocks. D) The Dow Jones Industrial Average is computed by summing the prices of the thirty stocks included in the average and dividing by 30.
Wants
A) is another term for needs. B) refer to services while needs refer to goods. C) is the term used by economists instead of needs because needs are not objectively definable. D) are used by economists and refer to the same thing as needs when used by psychologists.
M1 is a
A. commodity money. B. near money. C. flow variable. D. stock measure.