Which of the following statements about the United States during the twentieth century is correct?
A)Output growth has been approximately equal to employment growth.
B)Output growth has been slower than employment growth.
C)Output growth has been faster than employment growth.
D)Output has increased largely due to monetary and fiscal policy.
E) Output has decreased largely due to monetary and fiscal policy.

Question

Quizplus · Accepted Answer

Throughout the twentieth century, output growth in the United States has generally been faster than employment growth. This is largely due to technological advancements and increased productivity in various industries. Monetary and fiscal policy may have played a role in shaping the economic landscape, but they are not the primary drivers of output growth.

Which of the Following Statements About the United States During