Which of the following ideas is the most plausible?
a. Tax revenue is more likely to increase when a low tax rate is increased than when a high tax rate is increased.
b. Tax revenue is less likely to increase when a low tax rate is increased than when a high tax rate is increased.
c. Tax revenue is likely to increase by the same amount when a low tax rate is increased and when a high tax rate is increased.
d. Decreasing a tax rate can never increase tax revenue.
a
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Increase in the real interest rate will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
The TANF program is generally thought of as being a success because _____
a. welfare rolls have declined significantly since its inception b. welfare spending has declined significantly since its inception c. is similar to the AFDC program while being strictly means-tested d. a and b