(Consider This) Monetarists Would Argue That the Severe Recession of 2007-2009

Multiple Choice

(Consider This) 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.