The supporters of a proposal to increase marginal taxes on those earning over 200,000 a year say this change would generate 100 billion in new tax revenues. A supply-side economist would argue that the actual revenue raised will be
A) exactly 100 billion because there are no offsetting factors to a tax increase.
B) more than 100 billion, because lower income people will work harder when they perceive the tax system to be fairer.
C) more than 100 billion because interest rates will also be affected.
D) less than 100 billion because some people will respond by working less.
Question 2
The rate of return that households expect on their savings is determined by:
A) exchange rates. B) interest rates.
C) government expenditure. D) tax rates.
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Marginal Products of Physical and Human Capital
Effect of an Increase in R&D in the Follower Country on the Steady State
Research that has examined babies' ability to recognize themselves develops in the 2 year
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...