In order to reduce the pressure on the upcoming quiz on Wednesday, here are the general topics:
- the roots of the current economic crisis
- the economic impact of the ratification of the Constitution
- the nature of Hamilton's proposals to Congress
- the concept of laissez faire
- the nature of fiscal and monetary policy (how each is argued to impact the economy)
- the current level of gdp, public debt, and tax revenue
- the level of mandatory and discretionary spending
- the amount of money spent servicing the debt
- the purpose and design of the TARP
- the purpose and design of the ARRA
