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Technician A says that Variable Diameter Pulley (VDP) Continuously Variable Transmissions (CVT) will often have a planetary gear set to produce reverse. Technician B says that many CVT's in vehicles use a rubber drive belt between two pulleys to transfer power. Who is correct?
Arthur Laffer
Arthur Laffer is an economist known for the Laffer Curve, which posits that there is an optimal tax rate that maximizes revenue without discouraging economic activity.
Tax Revenues
The proceeds that governments secure by enacting taxes.
Tax
A financial charge or levy imposed by a government on individuals or entities, primarily used to fund public expenditures.
Deadweight Loss
Economic inefficiency created by a divergence from the optimal market equilibrium, often caused by taxes, subsidies, or other market interventions.
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