According to Laffer (of the Laffer curve), the Kemp-Roth tax cut of 1981 should have caused
a. tax revenue to rise, and it did
b. tax revenue to fall, and it did
c. people to increase saving, and it did
d. people to increase consumption spending, but it didn't
e. tax revenue to rise, but it didn't
E
Economics
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If households and firms decide to hold less of their money in checking account deposits and more in currency, then initially, the money supply
A) will decrease. B) will not change. C) will increase. D) may increase or decrease.
Economics
Refer to Figure 5-8. Suppose the emissions reduction target is currently established at 8 million tons. What is the area that represents the cost of eliminating an additional 1 million tons?
A) A + B B) A + B + C C) B + C D) A
Economics