Which of the Following Was an Objection Raised by Critics

question 26

Multiple Choice

Which of the following was an objection raised by critics of Hamilton's proposals?

• A) Hamilton's plan for bonds was not doing enough to help speculators invest.
• B) A whiskey tax would lead to prohibition of alcohol.
• C) The proposals would do virtually nothing to aid in the development of manufacturing.
• D) Hamilton's program would create a corrupt alliance between government and large commercial interests.
• E) Hamilton was not creating a large enough army to defend the United States.

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Definitions:

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.

Inflation Rate

The percentage rate of change in price levels over time, often calculated as the annual rate of increase in the Consumer Price Index (CPI).

Adverse Supply Shock

An unexpected event that suddenly decreases supply, potentially increasing prices and decreasing the quantity available for consumers.

Money Supply

At any specified time, the overall financial assets available in an economy, covering cash, coins, and the balances in checking and savings accounts.