Transfer payments are payments made to groups or individuals when a good or service is received in return. True or False Government outlays are part of the government budget that does not include both spending and transfer payments. True or False As the interest rates decline, the amount of money the public holds rise. True or False Expansionary fiscal policy occurs when the government decreases spending or increases taxes to stimulate the economy toward expansion. True or False Contractionary fiscal policy occurs when the government decreases spending or increases taxes to slow economic expansion. True or FalseEdD) w ogimoms