Question

The Laffer curve is the graphical representation of :
[A]The relationship between tax rates and absolute revenue these rates generate for the government.
[B]The inverse relationship between the rate of unemployment and the rate of inflation in an economy.
[C]The inequality in income distribution.
[D]The relationship between environmental quality and economic development.

Answer 1

Hey,

Correct Answer: A [The relationship between tax rates and absolute revenue these rates generate for the government.]

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