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The movement from old level of expenditure and taxation to a new and higher level is called:

Peacock-Wiseman’s Displacement effect describes the shift to higher tolerated taxation and spending after a disturbance. Concentration effect concerns greater…

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The movement from old level of expenditure and taxation to a new and higher level is called:
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Correct answer C

Peacock-Wiseman’s Displacement effect describes the shift to higher tolerated taxation and spending after a disturbance. Concentration effect concerns greater central-government concentration; Inspection effect concerns reassessment of public needs. Therefore not all three labels denote this particular shift.

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