Economics · Public Finance

Who postulated that public expenditure grows in jerks and steps (displacement effect) rather than in a continuous manner?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Adam Smith
2Wiseman and Peacock✓
3Peacock
4Wiseman

Correct answer

Wiseman and Peacock

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Who postulated that public expenditure grows in jerks and steps (displacement effect) rather than in a continuous manner?

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Who postulated that public expenditure grows in jerks and steps (displacement effect) rather than in a continuous manner?

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