Asked by Margot Rochester on May 08, 2024
Verified
According to supply-side economists,when operating in the upper portion of the Laffer curve,tax cuts result in __________.
Supply-Side Economists
Economists who believe that reducing taxes and decreasing regulation will lead to an increase in production and economic growth.
Laffer Curve
A theoretical representation showing the relationship between tax rates and the amount of tax revenue collected by governments.
Tax Cuts
Reductions in the amount of taxes imposed by the government, often to stimulate economic growth or increase disposable income.
- Gain an understanding of the Laffer curve concept and its impact on taxation strategies and public revenue.
Verified Answer
ER
Learning Objectives
- Gain an understanding of the Laffer curve concept and its impact on taxation strategies and public revenue.