Which of the Following Is True

Multiple Choice

Which of the following is true?

A) The recession of 2008-2009 was a result of a few large banks with many branches.
B) During the recession of 2008-2009, consumption and investment spending reduced substantially.
C) The recession of 2008-09 was a result of the customers' fear that depositor withdrawals could force a bank to close.
D) During the recession of 2008-09, aggregate demand declined because of a sudden increase in the demand for imported goods.
E) The recession of 2008-09 was a result of imprudent management or even criminal activity on the part of bank officers.