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The Curve That Reflects the View That When Tax Rates

Question 34

Multiple Choice

The curve that reflects the view that when tax rates are too high, lowering them not only creates greater incentive for suppliers to increase production, but ends up generating higher tax revenues, is known as the:


A) Phillips curve.
B) Laffer curve.
C) Engel curve.
D) Rational expectations curve.
E) consumption curve.

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