Hello, I want to ask Question 1 and Question 3.

Thank you!

Section A You must answer TWO questions from this section, using a separate document for each question (all questions of equal weighting). For two of the following, state whether you AGREE or DISAGREE and explain your reasoning. Answers for which no reasoning is given will earn zero credit. 1. Technology is more important than capital-per-worker for explaining both the productivity slowdown and cross-country income differentials. (15%) 2. (Absolute) convergence of income-per-person within OECD countries implies (absolute) convergence of incomes within each country, and vice versa. (15%) 3. By keeping inflation low, inflation targeting central banks prevent nominal wages from rising in-line with labour's productivity. (15%) 4. Efficiency wages ensure that workers are paid according to their marginal product even when the good's market is monopolistically competitive. (15%)