Question

33. Laffer curve suggest that the
(A) Relationship between tax revenue and tax rates is U-shaped
(B) Relationship between GDP growth rate and tax rates is U-shaped
(C) Relationship between tax revenue and tax rates is inverted U-shaped
(D) Relationship between savings rate and tax rate is inverted U-shaped​

Answer 1

Answer:

option (A) RELATIONSHIP between tax revenue and tax rates is U- shaped

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