Using the New Monetarist Model and the Key Features of the 2008-2009

Multiple Choice

Using the New Monetarist Model and the key features of the 2008-2009 financial crises and recesssion suggests

A) deficiant financial liquidity was a problem for the U.S. but not for Canada.
B) adequate financial liquidity was available in both the U.S. and Canada.
C) the model does not perform well matching the key facts.
D) the model matches some key facts but misses others.
E) deficiant financial liquidity was a problem for Canada, but not for the U.S.