The idea expressed by Alexander Hamilton was most directly reflected within the U. S. Constitution in the sense that-- under the new constitution, power of the federal government increased compared to the power it was given under the Articles of Confederation

the President was given the authority to veto laws passed by Congress

a bicameral legislature was established as a compromise between small states and large states

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.