NOUN | communication | Laffer curve | a graph purporting to show the relation between tax rates and government income |
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Meaning | 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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Broader | graph, graphical record, graphical recording | A visual representation of the relations between certain quantities plotted with reference to a set of axes |
Catalan | Corba de Laffer |
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