The Laffer curve shows that as tax rates rise from 0 percent to 100 percent, tax revenues will

The opportunity cost of economic growth is ________ and the benefit of economic growth is ________

A) increased current consumption; increased future consumption B) increased current consumption; decreased future consumption C) decreased current consumption; increased future consumption D) decreased current consumption; decreased future consumption E) nothing; increased future consumption

If a person withdraws $500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________

A) not change; increase B) not change; not change C) decrease; increase D) increase; decrease E) decrease: decrease