When a lower-income economy’s GDP is able to “catch up” with a higher-income economy’s GDP, this behavior is related to an important concept in the study of economic: policy fluctuations divergence convergence
When a lower-income economy’s GDP is able to “catch up” with a higher-income economy’s GDP, this behavior is related to an important concept in the study of economic: policy fluctuations divergence convergence
Chapter14: Aggregate Demand And Supply
Section: Chapter Questions
Problem 2SQ
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- When a lower-income economy’s GDP is able to “catch up” with a higher-income economy’s GDP, this behavior is related to an important concept in the study of economic:
- policy
- fluctuations
- divergence
- convergence
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