The Laffer curve shows a relationship between
A) interest rates and investment spending.
B) government spending and real Gross Domestic Product (GDP).
C) tax rates and tax revenues.
D) the price level and real Gross Domestic Product (GDP).
C
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The above table gives data for the nation of Mojo. At what level of real GDP is the economy at equilibrium expenditure?
A) $3.0 trillion B) $9.0 trillion C) more than $12.0 trillion. D) $6.0 trillion E) $12.0 trillion
In Spain, people are considered organ donors unless they explicitly indicate they do not want to be. In the United States, people are only considered organ donors if they explicitly indicate they wish to be. Behavioral economics would suggest that
A) everything else equal, the opt-in system of Spain would generate more organ donors. as a percentage of the adult population. B) everything else equal, the opt-in system of the United States would generate more organ donors as a percentage of the adult population. C) everything else equal, the opt-out system of Spain would generate more organ donors. as a percentage of the adult population. D) everything else equal, the opt-out system of the United States would generate more organ donors as a percentage of the adult population.
The Social Security Fund is designed as
A) a pay-as-you-go system. B) an investment portfolio that individual contributors can make periodic payments into. C) an account that allows periodic withdrawals by contributors. D) an individual account with a federal reserve bank.
In the dollar:pound foreign exchange market, is it always true that when the supply of dollars rises the demand for pounds rises?
a. Yes. This is always true. b. No. It is not always true. c. Like most things in life, it depends on a variety of other factors.