Laffer curve

noun
Laf·​fer curve | \ ˈlafər- \

Definition of Laffer curve

: a diagram shaped like a normal curve that is intended to show the relationship between tax rates and tax revenues

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History and Etymology for Laffer curve

after Arthur Laffer, born 1940 American economist

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Cite this Entry

“Laffer curve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Laffer%20curve. Accessed 31 Oct. 2020.

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