Initially, Policy Makers Were Not Concerned About the Financial Crisis

Multiple Choice

Initially, policy makers were not concerned about the financial crisis because:

A) conventional economic theory was telling them they did not have to worry about such an event occurring.
B) no other comparable crisis had happened before in history.
C) fiscal policy would kick in to stabilize the economy.
D) banks and other financial institutions had convinced policy makers that they would take care of any type of crisis.