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Author Question: According to the Laffer curve, an increase in the tax rate will increase tax revenue (Read 91 times)

TVarnum

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on: Apr 19, 2019

Question 1

According to supply-side economists, as tax rates are increased, labor supply should decrease. This implies that the substitution effect of a wage change ________ the income effect of a wage change.


◦ is less than
◦ is greater than
◦ is equal to
◦ has no impact on

Question 2

According to the Laffer curve, an increase in the tax rate will increase tax revenue


◦ if the economy is on the positively sloped section of the curve.
◦ if the economy is on the negatively sloped section of the curve.
◦ if the economy is at the farthest point out on the curve.
◦ no matter the location of the economy on the curve.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by TVarnum on Apr 19, 2019

Laurenleakan

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TVarnum

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

strudel15

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

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