Which of the Following Is False

Multiple Choice

Which of the following is false?

A) According to Minsky, in an extended recovery, the seeds of an eventual downturn are planted.
B) A long term cycle of boom and bust is an inherent part of a capitalist economy.
C) As spending units move from hedge to speculative to Ponzi units, their debt-income ratios rise.
D) Minsky's financial instability hypothesis attempts to explain the short-term year to year gyrations in the economy.