Which of the following fiscal policies would have the same impact on aggregate demand? (Assume MPC = 0.80)

Options

a)$100 million tax hike and $80 million decrease in transfer payments.

b)$100 million decrease in transfer payments and $80 million decrease in government spending.

c)$80 million tax hike and $100 million increase in government spending.

d)$100 million tax hike and $100 million decrease in government spending.