Exhibit 14-2
-Refer to Exhibit 14-2. The curve is referred to as the ____ curve.

Name: Exhibit 14-2 -Refer to Exhibit 14-2. The curve is referred to as the ____ curve.
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Question

Exhibit 14-2 
-Refer to Exhibit 14-2. The curve is referred to as the ____ curve.

Quizplus · Accepted Answer

The curve depicted in Exhibit 14-2 is known as the Laffer curve, named after economist Arthur Laffer. It shows the relationship between tax rates and government revenue, suggesting that at some point increasing tax rates will lead to diminishing returns in revenue as people may work and invest less.

Exhibit 14-2 -Refer to Exhibit 14-2. the Curve Is Referred to as Referred