LAFFER CURVE

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does Laffer curve mean? 

• LAFFER CURVE (noun)
  The noun LAFFER CURVE has 1 sense:

1. 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

  Familiarity information: LAFFER CURVE used as a noun is very rare.

 Dictionary entry details 

• LAFFER CURVE (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)