Size of a tax, deadweight loss, and the Laffer Curve - Principles of Microeconomics - Mankiw Ch 8
Adam Jones
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Size of a tax, deadweight loss, and the Laffer Curve - Principles of Microeconomics - Mankiw Ch 8
151 просмотр · 2 года назад
Adam Jones
174 подписчика
151 просмотр · 2 года назад
Lets' take a look at the size of a tax and how it affect Deadweight Loss, then we'll connect the idea to the "Laffer Curve," the suggestion that as tax rates rise, tax revenues increase up to a point, at which time a further increase in tax rates may reduce activity so much, that tax revenues actually decline.