All of the Following Have Been Proposed as Explaining the Limited

Multiple Choice

All of the following have been proposed as explaining the limited effectiveness of monetary policy during and after the Financial Crisis of 2007-2009 EXCEPT:

A) recessions accompanied by financial crises tend to be severe
B) a high level of uncertainty due in part to government policy
C) the reluctance of the Fed to implement nonconventional policies
D) structural changes as important sectors of the economy were deeply affected by the financial crisis