The Laffer curve specifies a. a negative relationship between ...

[nramada]

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

[matt95]

Answer to Question 1

D

Answer to Question 2

A

[nramada]

Thanks for the timely response, appreciate it

[smrtceo]

TYSM