a Tax Revenue ($) Refer to the above Laffer Curve diagram. Going into the sluggish U.S. economy of the early 1980s, economist Arthur Laffer and President Ronald Reagan maintained that that the economy...

Extracted text: a Tax Revenue ($) Refer to the above Laffer Curve diagram. Going into the sluggish U.S. economy of the early 1980s, economist Arthur Laffer and President Ronald Reagan maintained that that the economy was located at O tax rate d. O some level above tax rate b. O some level below tax rate b. O tax rate b. of Tax Rate (%)