Between 1821 and 1930, the U.S. gained a comparative advantage in ...

[silviawilliams41]

Between 1821 and 1930, the U.S. gained a comparative advantage in the production of agricultural goods.
 
  Indicate whether the statement is true or false

Question 2

In the equilibrium version of the classical model, the velocity of money
 
  a. depends on the real rate of interest.
  b. depends on the level of employment.
  c. is equal to the Cambridge k.
  d. is stable in the short run.

[Perkypinki]

Answer to Question 1

False (It gained a comparative advantage in producing manufacturing goods.)

Answer to Question 2

D