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Author Question: According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be: a. 0. b. at ... (Read 65 times)

go.lag

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on: Jun 30, 2018
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.


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kusterl

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


go.lag

  • Member
  • Posts: 667
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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