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Author Question: When countries achieve similar levels of growth, inflation and budget deficits this is called (Read 143 times)

codyclark

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Question 1

Asymmetric shocks in the context of a currency union are when
◦ all countries have the same problems.
◦ shocks have different effects in different areas, countries, etc.
◦ government departments have different goals.
◦ internal shocks are different from external shocks.

Question 2

When countries achieve similar levels of growth, inflation and budget deficits this is called
◦ international harmonisation of economic policies.
◦ convergence.
◦ monetary convergence.
◦ globalisation.


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Marked as best answer by codyclark on May 25, 2020

ktidd

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codyclark

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


diana chang

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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