Convergence refers to the idea that cross-country a. growth ...

[silviawilliams41]

Convergence refers to the idea that cross-country
 
  a. growth rates will become more similar over time.
  b. unemployment rates will become more similar over time.
  c. per-capita income levels will become more similar over time.
  d. total income levels will become more similar over time.
  e. none of the above.

Question 2

Which of the following are advantages of greater exchange rate flexibility?
 
  a. The alleviation of potential conflicts that arise between the internal balance and the external balance.
  b. The insulation of the domestic economy from economic shocks.
  c. An expansion abroad would have contractionary effects on the domestic economy.
  d. Both a and b
  e. Both a and c

[Zebsrer]

Answer to Question 1

C

Answer to Question 2

A

[silviawilliams41]

YES! Correct, THANKS for helping me on my review

[rleezy04]

Thanks for the timely response, appreciate it