The negative effect on the economy that occurs when average tax rates increase because taxpayers have moved into higher income brackets during an expansion is?

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Academy of PakistanTest & Learning

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27EconomicsMedium

Abracket creep

Bdebt burden

Cthe Laffer curves

Dfiscal drag

Correct answer

C. the Laffer curves

Explanation

The correct answer is the Laffer curves.

The negative effect on the economy that occurs when average tax rates increase because taxpayers have moved into higher income brackets during an expansion is? - Answer and Explanation | Academy of Pakistan