If the tax base is narrowed through an increase in exemptions, ______ in order to raise the same level of revenue
a. tax rates must be lowered
b. tax rates must be raised
c. tax expenditures must be increased
d. nothing must happen
b
Economics
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The perfectly competitive firm's supply curve is that portion of the marginal cost curve that lies above the firm's average total cost curve
Indicate whether the statement is true or false
Economics
Crowding out occurs because lower interest rates discourage saving and make it harder to borrow
a. True b. False Indicate whether the statement is true or false
Economics