Laffer Curve
Laffer Curve
Definition
☆ Laf·fer Curve (laf′ər)
noun
a graph illustrating a theory which maintains that increasing tax rates beyond a certain point causes a reduction in government revenues by discouraging production and investment
Etymology: after A. Laffer (1940-), U.S. economist, its originator
Laffer Curve Finance Definition
A
key underpinning of supply-side economics that says that tax cuts produce
non-inflationary economic growth and increase productivity. The theory derives
its name from economist Arthur Laffer.
Browse dictionary entries near Laffer Curve
- Laffer, Arthur
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