Moving along the aggregate production function, all of the following are held constant EXCEPT

Everything else unchanged, following an adverse shift in the labor demand curve, ________

A) the increase in employment will be greater if there is downward wage rigidity B) the fall in employment will be greater if there is no wage rigidity C) the increase in employment will be greater if there is no wage rigidity D) the fall in employment will be greater if there is downward wage rigidity

The convergence theory is based on the idea of:

A. increasing rates of income per capita. B. decreasing income per capita. C. increasing opportunity costs. D. decreasing marginal returns.