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Author Question: The Economic Recovery Tax Act of 1981 allowed firms to ________ their capital at a ________ for tax ... (Read 20 times)

Lobcity

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on: Apr 19, 2019

Question 1

According to the Laffer curve, a decrease in the tax rate will increase tax revenue


◦ if the economy is on the positively sloped section of the curve.
◦ if the economy is on the negatively sloped section of the curve.
◦ if the economy is at the farthest point out on the curve.
◦ no matter the location of the economy on the curve.

Question 2

The Economic Recovery Tax Act of 1981 allowed firms to ________ their capital at a ________ for tax purposes. This decreased tax liability and encouraged investment.


◦ depreciate; slow and consistent rate
◦ depreciate; very rapid rate
◦ appreciate; slow and consistent rate
◦ appreciate; very rapid rate
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Lobcity on Apr 19, 2019

braelync

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Reply #1 on: Apr 19, 2019
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Lobcity

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

helenmarkerine

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Reply 3 on: Yesterday
Wow, this really help

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