According to the Laffer curve, we know with certainty that an increase in the tax rate will
A. cause tax revenue to increase.
B. cause tax revenue to increase, decrease, or remain unchanged.
C. have no effect on tax revenue.
D. cause tax revenue to decrease.
Answer: B
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The Other America, which challenged the notion that we had conquered poverty, was written by ___________.
Fill in the blank(s) with the appropriate word(s).
As long as debt grows by the same percentage as nominal GDP, the debt-to-GDP ratio will stay constant but the interest payments-to-GDP ratio will increase
a. True b. False
The aggregate supply curve is a fixed point representing potential GDP
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown. A movement from A to B is most likely to be caused by:
A. an increase in aggregate demand. B. a decrease in aggregate demand. C. an increase in input prices. D. a decrease in input prices.