In describing the progress of the typical person in an economy, measuring the median income always does a better job than measuring the mean income

Indicate whether the statement is true or false

FALSE

Economics

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Because workers in the United States work fewer hours per week, on average, than they did over 100 years ago

A) GDP is lower than it would be if U.S. workers worked the same workweek they had 100 years ago. B) workers in the United States are worse off than they were over 100 years ago. C) GDP is higher than it would be if U.S. workers worked the same workweek they had 100 years ago. D) workers in the United States earn less income than they did over 100 years ago.

Economics

Ceteris paribus, in the short run following a decrease in the rate of growth in aggregate demand, we would expect to see an increase in the rate of unemployment and a decrease in the rate of inflation

Indicate whether the statement is true or false

Economics