Answer:
Transfer payments
Explanation:
John Maynard Keynes in his theory of total spending argued that consumers need to spend to maintain an economy. He stated that an increase in spending will replicate the effect in an economy and the government needs to spend more to reduce unemployment.
John Maynard Keynes categories of spending include;
- Consumption spending,
- investment
- government Purchases or expenditure
- and net export
Transfer payments are not categorized in John Maynard's categories of spending.
