One of the difficulties in using discretionary fiscal policy effectively is that the legislative decision-making process is sometimes very long and drawn out

A public policy that would lower everyone's income but would lower the income of the rich faster than that of the poor would further the goal of _____

a. improving the lot of those worse off b. social justice c. income equality d. Pareto optimality

If the price elasticity of supply for computers is 0.8 in the short run, then in the long run we would expect a price elasticity of supply to be greater than 0.8

Indicate whether the statement is true or false