-Consider the above figure. The curve shown is sometimes referred to as
A) the Laffer curve.
B) the Ricardian curve.
C) the Keynesian curve.
D) the Phillips curve.

Question

-Consider the above figure. The curve shown is sometimes referred to as
A) the Laffer curve. 
B) the Ricardian curve. 
C) the Keynesian curve. 
D) the Phillips curve.

Quizplus · Accepted Answer

The Laffer curve illustrates the relationship between tax rates and the amount of tax revenue collected by governments. It suggests that there is an optimal tax rate that maximizes revenue without discouraging economic activity.

-Consider the Above Figure