| Library / English Dictionary |
LAFFER CURVE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
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
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("Laffer curve" is a kind of...):
graph; graphical record; graphical recording (a visual representation of the relations between certain quantities, represented as points, plotted with reference to a set of axes)
