Multiple Choice
According to the Laffer Curve
A) there may exist two tax rates that deliver the same level of tax revenue.
B) lower tax rates always lead to higher tax revenue.
C) higher tax rates always lead to more tax revenue.
D) higher tax rates always lead to less tax revenue.
E) there is a unique tax rate for each level of revenue.
Correct Answer:
Verified
Correct Answer:
Verified
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