An Example of the Limits of Using TFP as the Sole

Multiple Choice

An example of the limits of using TFP as the sole driver of recessions is:

A) noting that there was a large positive TFP shock during the Great Recession.
B) that hyperinflations nearly destroyed many African economies.
C) finding that financial shocks have been the cause of every recession since 1960.
D) that it is impossible to, even weakly, estimate TFP shocks.
E) demonstrating that no shock is random.