In 1900, the average work week was 65 hours; today it is approximately 35 hours. How did

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In 1900, the average work week was 65 hours; today it is approximately 35 hours. How did this change affect real GDP within the United States? How did it affect the standard of living within the United States? Comment on your answers.

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Macroeconomics

ISBN: 9780137470822

14th Edition

Authors: Michael Parkin

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Question Posted: Apr 05, 2024 11:00 PM

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In 1900, the average work week was 65 hours; today it is approximately 35 hours. How did

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The decrease in the average work week decreases real GDP from what it would have been if th...View the full answer

Macroeconomics

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