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Read the article below: France forced to drop 75% supertax after meagre returns | France | The Guardian(Links to an external site.) https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax 1. Would

Read the article below:

France forced to drop 75% supertax after meagre returns | France | The Guardian(Links to an external site.)

https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax

1. Would you consider this expansionary or contractionary fiscal policy?

2. Which part of Laffer Curve does this tax rate fall into?

3. What impact do you think the Super Tax would have in the AD-AS framework?

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