The _____ curve is an economic model that maintains that a higher level of taxation can result in lower government revenues.

Name: The _____ curve is an economic model that maintains that a higher level of taxation can result in lower government revenues.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

The Laffer curve is an economic theory that suggests there is an optimal tax rate that maximizes government revenue, and beyond this point, higher tax rates actually reduce the total revenue.

The _____ Curve Is an Economic Model That Maintains That