If an increase in income leads to a decrease in the demand for salami, then salami is

According to Hughes and Cain (2011), American economic history is the story of economic growth. Economic growth

(a) necessarily means an improvement in the quality of life for all individuals. (b) does not necessarily measure an improvement in the quality of life; it merely indicates the potential for improvement. (c) as conventionally measured considers an employed person living in the pollution and congestion of modern Tokyo to be "worse off" than a sun-tanned artist watching another glorious sunset on the beach in Tahiti. (d) is measured by the increases in total output of goods and services less any environmental destruction that occurs in the process of production.

In the long run, a factory is usually considered a fixed input

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