Maximizing profit means finding the maximum difference between:

Which of the following statements is an example of normative economic analysis?

A) Pollution regulations have raised the cost of production for energy companies. B) As the wage rate increases, companies are hiring fewer workers. C) Improvements in technology have reduced the time needed to manufacture automobiles. D) Tablet computers should be manufactured in countries that do not restrict internet access to their citizens.

Unlike monetary policy, fiscal policy does not experience policy lags

Indicate whether the statement is true or false