Asked by
Demoines Whitney
on Oct 12, 2024
Verified
This curve is
A) a Phillips curve.
B) a Laffer curve.
C) an aggregate supply curve.
D) an aggregate demand curve.
Phillips Curve
Curve showing inverse relationship between the unemployment rate and the rate of inflation.
Laffer Curve
Shows that at very high tax rates, very few people will work and pay taxes; therefore government revenue will rise as tax rates are lowered.
- Identify the development and historical background of economic theories throughout history.
Verified Answer
NG
Learning Objectives
- Identify the development and historical background of economic theories throughout history.