Laffer curve

/ˌlæfər ˈkʌrv/

IPA guide

Definitions of Laffer curve

noun
a graph purporting to show the relation between tax rates and government income; income increases as tax rates increase up to an optimum beyond which income declines

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type of:
graph, graphical record
a visual representation of the relations between certain quantities plotted with reference to a set of axes

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