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Author Question: The Laffer curve specifies a. a negative relationship between marginal tax rates and tax revenue. ... (Read 57 times)

nramada

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The Laffer curve specifies
 
  a. a negative relationship between marginal tax rates and tax revenue.
  b. a positive relationship between marginal tax rates and tax revenue.
  c. no relationship between marginal tax rates and tax revenue.
  d. none of the above.

Question 2

In the modern Keynesian model, velocity
 
  a. varies positively with the level of the interest rate but not with income.
  b. varies positively with the level of the interest rate and with income.
  c. is constant.
  d. varies in the short run but is constant in the long run.
  e. none of the above



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matt95

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Answer to Question 1

D

Answer to Question 2

A




nramada

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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