Recall Application 2, "The Confucius Curve?" to answer the following questions:
-According to the application, the central idea for the Laffer curve is:

Question

Quizplus · Accepted Answer

The Laffer curve suggests that cutting tax rates may lead to an increase in tax revenues by promoting economic growth and incentivizing taxpayers to engage in more economic activity. Therefore, cutting tax rates may actually increase the overall amount of tax revenues collected.

Recall Application 2, "The Confucius Curve?" to Answer the Following