According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be:
a. the same as it would be at a 50 percent tax rate.
b. the same as it would be at a 20 percent tax rate.
c. greater than it would be at a 50 percent tax rate.
d. at the maximum value.
e. 0.
e
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Explain how unemployment changes over the business cycle. Why do these changes occur?
What will be an ideal response?
A bond's internal rate of return is also known as its:
A. coupon. B. payback period. C. duration. D. yield to maturity.
Which statement is false?
A. President Eisenhower presided over three recessions. B. At the close of the 20th century the unemployment rate was below 5 percent. C. The United States' longest economic expansion was for six years during the Reagan Administration. D. None of the choices are false.
Pauline is offered a Job in Minneapolis that pays $80,000 . She is offered a similar job in Louisville that pays $71,200 . Which pair of CPIs would ensure that the two salaries have the same purchasing power?
a. 90 in Minneapolis and 83 in Louisville b. 90 in Minneapolis and 72 in Louisville c. 100 in Minneapolis and 89 in Louisville d. 105 in Minneapolis and 90 in Louisville