According to the Laffer curve, when the tax rate is 100 percent, ...

[go.lag]

According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be:
 a. 0.
  b. at the maximum value.
  c. the same as it would be at a 50 percent tax rate.
  d. greater than it would be at a 50 percent tax rate.
  e. the same as it would be at a 20 percent tax rate.

Question 2

The natural rate hypothesis implies that the long-run Phillips curve will be:
 a. downward-sloping.
  b. upward-sloping.
  c. vertical.
  d. horizontal.

[kusterl]

Answer to Question 1

a

Answer to Question 2

c

[go.lag]

YES! Correct, THANKS for helping me on my review

[bigsis44]

Thanks for the timely response, appreciate it