A Key Reason That Most People Did Not Anticipate the Severity

Multiple Choice

A key reason that most people did not anticipate the severity of the Great Recession is that

A) they thought the Bank of Canada would reduce the target for the federal funds rate to a lower level.
B) they did not believe that the federal government would actually bail out large financial institutions.
C) they failed to see the financial crisis coming.
D) they were more worried about rising inflation than about falling real GDP.