The tax rates embodied in the federal personal income tax are such that O a rising absolute amount, but a declining proportion, of income is paid in taxes. O the marginal and average tax rates are equal, making the tax progressive. O the average tax rate rises more rapidly pan does the marginal tax rate as income rises. O the marginal tax rate is higher than the average tax rate, causing the average tax rate to rise as income rises.

TRUE - OR - FALSE The distinctive characteristic of a progressive tax is that the dollars paid in taxes rise as income rises. O True O False

A Moving to another question will save this response. Question 23 Fiscal policy can move us to equilibrium at Full Employment by O a. these are all possible fiscal policies to bring us to full employment. O b. bailing out troubled industries with special subsidies like the "paycheck protection" during the pandemic. O c. making changes in G, net government spending. O d. changing tax rates people have to pay. A Moving to another question will save this response. tab 1 Q ABA 2 W E R T

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