The Laffer curve shows that as tax rates rise from 0 percent to 100 percent, tax revenues will
a. rise
b. first rise, then fall, then rise again
c. fall
d. first rise, then fall
e. remain constant
D
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The cyclical unemployment rate changes with business cycle fluctuations
Indicate whether the statement is true or false
__________ plus __________ plus __________ equals ___________
a. Total deposits, loans, required reserves, excess reserves. b. Loans, required reserves, excess reserves, total deposits. c. Required reserves, total deposits, excess reserves, loans. d. Excess reserves, loans, total deposits, required reserves.
Answer the next question based on the following data.OutputTotal Cost0$24133241348454561669What is the average variable cost of the 4th unit of production?
A. $13.50 B. $24.00 C. $6.00 D. $7.50
Explain why economics is considered a social science
What will be an ideal response?