Who proposed the idea of nullification?

The best known statement of the theory of nullification during this period was said by John C. Calhoun

Explanation:

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Calhoun

Calhoun developed the idea of nullification—first put forth in the Virginia and Kentucky Resolutions of 1798—as a strategy for the South to preserve slavery in the face of a Northern majority in Congress.

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the correct answer is d. the monetary reserve is a set of funds represented in currency, money or similar, saved as a forecast of possible needs or for legal reasons.

the increase or decrease in the monetary base influences in the increase or decrease of the inflation rate. therefore, the excess of monetary reserve will cause the reduction of inflation.