How would you define convergence?
A) tendency for gaps between industrial countries' per-capital incomes to narrow
B) tendency for gaps between all countries' per-capital incomes to narrow
C) the theory that a crisis in a low-income country will spread to all countries, regardless of debt structure
D) the theory that a crisis in a low-income country will spread to only those countries which had lent money to the original country
E) tendency for the world distribution of income to be persistently unequal
A
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Name some of the barriers to entry that can be created by a competitive firm to protect profits?
Increases in the capital stock:
a. Shift the short run aggregate supply curve upward b. Shift the long run aggregate supply curve to the right. c. Shift short run aggregate supply curves upward and long run aggregate supply curves to the right. d. Do none of the above