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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 64
Circle the letter that corresponds to the best answer. According to the Laffer curve, when very high marginal tax rates are lowered, tax revenue will ___________.
A) decline considerably
B) decline slightly
C) stay the same
D) increase
A) decline considerably
B) decline slightly
C) stay the same
D) increase
Explanation
Verified
Verified
Arthur Laffer, said that the when the hi...
Macroeconomics 11th Edition by Stephen Slavin
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