If an economy is on the downward sloping section of the Laffer curve, then decreasing taxes would lead to an increase in tax revenue.

Name: If an economy is on the downward sloping section of the Laffer curve, then decreasing taxes would lead to an increase in tax revenue.
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On the downward sloping section of the Laffer curve, tax rates are high enough that a decrease in tax rates can stimulate economic activity to such an extent that the total tax revenue increases, despite the lower rates.

If an Economy Is on the Downward Sloping Section of the Laffer