Economics (AS & A Level) · Feb / March 2022 · Paper 32 · Question 29
9708Effectiveness of policy options to meet all macroeconomic objectives
What does the Laffer curve show?
- Athe relationship between the rate of inflation and the rate of unemployment
- Bthe relationship between the rate of interest and the speculative demand for money
- Cthe relationship between tax rates and the amount of tax revenue collected by governments
- Dthe relationship between how two goods can be produced in an economy with given resources
As printed in the paper
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Correct answer: C. the relationship between tax rates and the amount of tax revenue collected by governments
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