Which of the Following Is True

Multiple Choice

Which of the following is true?

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 has never happened in the U.S. economy.
C) As spending units move from hedge to speculative to Ponzi units, their debt-income ratios fall.
D) Minsky's financial instability hypothesis attempts to explain the short-term year to year gyrations in the economy.