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| Q. |
Peacock and Wiseman Hypothesis on public expenditure consists of three concepts which are: |
| A. | subscription effect, tax effect, expenditure effect |
| B. | tax effect, expenditure effect, consumption effect |
| C. | displacement effect, concentration effect, inspection effect |
| D. | consumption effect, labour effect, income effect |
| Answer» C. displacement effect, concentration effect, inspection effect | |
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