19. When it comes to the economics of government spending and government] regulations, what is true? 1.l Since 1936 the federal government has operated under the Alexander Hamilton model of general welfare spending while overt regulations of businesses have increased markedly. 2. The general welfare clause, as interpreted by James Madison and David Crockett has become the policy of the US. Congress, while occupational licensing requirements have been reduced. 3. Both government spending and total regulations have fallen as the US. has become more and more capitalistic over time. 4. The U.'S. now ranks 25'h in economic freedom in part because government spending has skyrocketed and overall regulations, occupational licensing and permitting requirements have increased. 5. Aand D only