Author Question: Convergence refers to the idea that cross-country a. growth rates will become more similar over ... (Read 82 times)

silviawilliams41 · **on:** Jun 30, 2018

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