Which of the followings does NOT describe the money market in the ISLM model?

Fogel and Engerman (1974) are generally of the opinion that American slavery

(a) was antiquated, inefficient and was on the verge of existance. (b) was thriving and profitable in the decades prior to the Civil War. (c) provided conditions for a reasonably normal family life and standard of living for the slaves with very little breakup of slave families or exploitation of slaves. (d) was inferior to the wage-labor system in the South and would have likely been replaced with time.

One problem of ISI was

A) the failure to consider that government officials may make inefficient decisions. B) the overemphasis on improvements in the rural rather than the urban sector. C) the oversupply of complex technical goods. D) the undervaluation of currencies to promote export growth.