‘Displacement effect’ in the Peacock-Wiseman Hypothesis implies :

Choose Your Answer:

AAn upward displacement of public expenditure according to higher economic growth

BThe movement from older level of public expenditure and taxation to a newer and higher level

CPublic expenditure increases at steady rate and reaches higher level

DGovernment undertakes more and newer activities and hence public expenditure rises steeply upwards

Eduncle Best Answer
‘Displacement effect’ in the peacock wiseman hypothesis implies the movement from older level of public expenditure and taxation to a newer and higher level.
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