Problem
Social Security transfers: Suppose the government announces an increase in Social Security transfers. Which aggregate demand parameter is affected? How and why is it affected? How does this increase affect the graph of the IS curve? How does your answer depend on the way in which the spending is financed and on the extent to which Ricardian equivalence holds?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.