Refer to Table 23-4. Given the consumption schedule in the table above, the marginal propensity to save is

Unconventional monetary policies include massive lending to banks and open-market purchases of assets other than Treasury bills

a. True b. False Indicate whether the statement is true or false

The effective tax rate is the

A. highest income tax rate minus the lowest income tax rate. B. share of income a household pays in taxes, minus any transfer payments. C. share of income a household pays in taxes. D. percentage of an additional dollar that a household would pay in taxes.