If taxes are $2,000 when income is $15,000 and they are $3,000 when income is $19,000, then the marginal tax rate is:

To say that there is a scarcity of gold means that:

a. gold prices will fall in the future. b. there is not enough gold to satisfy people's demand for it at a zero price. c. there are very few substitutes for gold. d. gold is very expensive. e. the demand for gold is changing.

Deficit spending will not cause much inflation if the economy is operating near full employment

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