Author Question: According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be: a. 0. b. at ... (Read 21 times)

go.lag · **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.