During the Three Years Following the Financial Crisis of 2008

Multiple Choice

During the three years following the financial crisis of 2008,

A) the monetary base more than doubled and the M1 money supply increased even more rapidly.
B) the monetary base more than doubled, but the M1 money supply increased much less rapidly.
C) the monetary base fell by almost 50 percent, but the M1 money supply continued to  grow at a steady rate.
D) the monetary base fell by almost 50 percent, causing a sharp reduction in the M1 money supply.