Economics · Public Expenditure Theories
In the Peacock-Wiseman hypothesis of public expenditure, the effect whereby the central government's economic activities grow faster and become a larger proportion of the aggregate public sector is known as the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Substitution Effect
- 2Inspection Effect
- 3Concentration Effect✓
- 4Displacement Effect
Correct answer
Concentration Effect
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