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:
Answer and explanation
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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UGC NET Economics