Economics class: Searching in vain for the Laffer curve boost
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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Specification:
Fiscal policy
Click to read the article and then answer the questions:
Searching in vain for the Laffer curve boost
Draw and explain the Laffer curve. Watch Art Laffer explain his theory
State and explain what is meant by national insurance contributions
Using a diagram, analyse how cutting national insurance contributions would boost labour supply by the equivalent of 98,000 jobs
With reference to the article, evaluate whether it is rational to cut national insurance contributions
Listen to the This is Money podcast and evaluate whether national insurance contributions and income tax should be rolled into a single tax
Gavin Clarke, Emmanuel College
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