Monetarists Would Argue That the Severe Recession of 2007-2009 Was

Multiple Choice

Monetarists would argue that the severe recession of 2007-2009 was primarily caused by:

A) Adverse aggregate-supply shocks causing tremendous unemployment
B) Wide swings in investment expenditures driving erratic fluctuations in aggregate demand
C) Excessive money supply creating a bubble in some sectors of the economy
D) Too much deregulation of the financial sector in previous years