Which of the Following Was Not a Lesson from the 2007-2009

Multiple Choice

Which of the following was not a lesson from the 2007-2009 financial crisis?

A) Regulatory failures were the result of weaknesses across the regulatory structure.
B) The financial system operated with too much leverage.
C) The business cycle no longer applies to economic analysis.
D) Monetary policy alone may not be sufficient to stabilize aggregate demand.