Which of the Following Is a Source of Intellectual Failure

Multiple Choice

Which of the following is a source of intellectual failure on the part of macroeconomics in predicting the crisis?

A) Economists did not think financial crises could happen.
B) Some economists sounded the alarm but were ignored.
C) Financial intermediation is important to finance not economics.
D) The financial system is too complex to be included in macroeconomic models.
E) A lack of focus on the role of financial institutions in the economy.