The Laffer curve shows a relationship between
A. tax rates and tax revenues.
B. the price level and real Gross Domestic Product (GDP).
C. government spending and real Gross Domestic Product (GDP).
D. interest rates and investment spending.
Answer: A
You might also like to view...
The price rationing mechanism of a freely functioning market leads to the most efficient use of resources because
A) all gains from mutually beneficial trade are captured. B) the Federal Trade Commission regulates the market. C) of the rise of the legislative apparatus that supports trade. D) the Justice Department monitors market activities.
If the yen price of dollars falls, then the dollar price of yen rises
a. True b. False Indicate whether the statement is true or false
There are apartments in Chicago whose rooftops overlook Wrigley Field. On game day you can find free riders on the roof enjoying ____.
A. free property rights B. an externality C. a public good D. excess utility
Refer to the above table. When output rises from 2 units to 5 units, marginal costs are
A. $26.50. B. $31. C. $63. D. $21.