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Eduncle posted an MCQ
October 18, 2019 • 17:01 pm 0 points
  • UGC NET
  • Economics

Which of the following is not part of the Peacock-Wiseman Hypothesis ?

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    Eduncle Best Answer

    The Peacock-Wiseman Hypothesis holds that the growth of public expenditure does not follow a smooth trend but happens in jumps or steps. The Hypothesis combines the following three effects to justify the jumpy pattern: Displacement Effect, Inspection Effect and Concentration Effect.

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