The Laffer curve shows that increasing ________ increases ________ when ________ low.
A) tax rates; tax revenue; tax rates are
B) tax revenue; potential GDP; tax revenue is
C) potential GDP; tax revenue; tax revenue is
D) None of the above answers is correct.
Correct Answer:
Verified
Q70: An increase in taxes on labour income
Q71: An example of automatic fiscal policy is
Q72: The structural surplus
A)is legally required to be
Q73: The cyclical deficit is the portion of
Q74: Which of the following relationships is correct?
A)Cyclical
Q76: The demand- side effect of a change
Q77: The structural deficit or surplus is the
A)actual
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