Respuesta :
For the economy as a whole, Supply Side Theory assumes that fiscal policy has tax rates and tax revenues that are in the top or upper portion of the laffer curve.
What is a laffer curve?
The Laffer curve in economics depicts a hypothesized connection between tax rates and the subsequent amounts of tax collection for the government.
The supply-side economist Arthur Laffer developed the Laffer Curve as a formalized theory to illustrate the connection between tax rates and the total amount of tax revenue received by governments. The curve is used to demonstrate the claim that, in some cases, lowering tax rates can improve overall tax receipts.
Therefore, For the economy as a whole, Supply Side Theory assumes that fiscal policy has tax rates and tax revenues that are in the top or upper portion of the laffer curve.
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