According to the Laffer Curve, a Decrease in the Tax

question 146

Multiple Choice

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

• A) if the economy is on the positively sloped section of the curve.
• B) if the economy is on the negatively sloped section of the curve.
• C) if the economy is at the farthest point out on the curve.
• D) no matter the location of the economy on the curve.

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Definitions:

Dot Operator

In programming, the dot operator is used to access the properties or methods of an object.

Printf Method

A method in Java's PrintStream class that allows formatted strings to be output to the console, similar to the printf function in C.

Integers

Whole numbers that can be positive, negative, or zero, but not fractions or decimals.

Decimal Numbers

Numbers expressed in the base-10 numeral system, including integers, fractions, and real numbers notated with a decimal point.