Economics · Public Finance
According to the Wiseman-Peacock hypothesis, the movement from an old level of public expenditure and taxation to a new and higher level due to a social disturbance is called the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Taxation effect
- 2Displacement effect✓
- 3Inspection effect
- 4Concentration effect
Correct answer
Displacement effect
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