English version

Laffer curve

From Longman Business Dictionary
Related topics: Economics
Laffer curveLaf‧fer curve /ˈlæfə ˌkɜːv-fər ˌkɜːrv/ noun ECONOMICS the idea developed by the US economist Arthur Laffer that money that the government gets from taxes will increase if higher rates of tax are reduced, because there will be more investment and activity in the economy
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