The Laffer curve illustrates that
A) there are two tax rates at which zero tax revenues are raised.
B) a decrease in tax rates can cause an increase in tax revenues.
C) an increase in tax rates can cause an increase in tax revenues.
D) an increase in tax rates can cause a decrease in tax revenues.
E) all of the above
E
Economics
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Refer to the table above. What is the equilibrium quantity of notebooks?
A) 4 units B) 10 units C) 20 units D) 12 units
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Long-run economic growth (meaning the economy's average annual rate of growth over an extended period is greater than zero) is depicted by a(n)
a. horizontal trend line b. downward-sloping trend line c. fluctuating trend line (which fluctuates around the average) d. upward-sloping trend line e. vertical trend line
Economics