Answer to Question #246714 in Macroeconomics for KAY

Question

What is meant by Laffer curve and what are its policies implications

Answer 1

Laffer curve shows the connection between charge rate and duty incomes. It clarifies how slow decrease in charge rates from undeniable levels to an ideal rate can boost charge income assortment for the public authority. Laffer curve is for the most part relevant in direct expenses like individual personal duty.