In his Report on a National Bank, _________________ argued in favor of the establishment of a Bank of the United States.
a. Thomas Jefferson
b. Alexander Hamilton
c. George Washington
d. Benjamin Franklin
Question 2
Following the lifting of price controls that had been implemented in the early 1970s, inflation skyrocketed. Economists' explanations for this acceleration in the price level include:
a. the increase in the money supply that also occurred during the early 1970s.
b. increases in the federal government deficit, especially in 1971 and 1972.
c. supply-side shocks in oil and food.
d. the release of inflationary pressures that built up during the period of price controls.
e. All of the above.
