An increase in transfer payments could be expansionary, shifting Aggregate demand to the right. What are transfer payments? Which of these best fits the description for transfer payments?
a.A payment by the government to individuals for the provision of factors of production
b. A redistribution from the government to individuals in return for goods and services provided
c. A payment to individuals not linked to the provision of goods and services
d. Market-rate loans from the government to help firms buy goods and services
