Suppose the payroll tax rate increases. As a result, tax revenue Group of answer choices will decrease. will stay the same. will increase. may increase, decrease, or stay the same.
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Refer to the above diagram. If tax rates are between b and d, then supply-side economists are of the opinion that a(n): - An increase in tax revenues will increase tax rates. - A decrease in tax rates will increase tax revenues. - An increase in tax rates will increase tax revenues. - A decrease in tax revenues will decrease tax rates.
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