Multiple Choice
Monetarists would argue that the severe recession of 2007-2009 was primarily caused by
A) adverse aggregate-supply shocks causing tremendous unemployment.
B) wide swings in investment expenditures driving erratic fluctuations in aggregate demand.
C) excessive money supply creating a bubble in some sectors of the economy.
D) too much deregulation of the financial sector in previous years.
Correct Answer:
Verified
Correct Answer:
Verified
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