Hyman Minsky's Hypotheses Are Most Accurately Described as Stating That

Hyman Minsky's hypotheses are most accurately described as stating that:

A) a sudden change in economic conditions causes speculative businesses to become Ponzi ventures.
B) rational investors know how to evaluate investments under all probable economic outcomes.
C) it takes a very severe shift in economic circumstances to convert hedge financing into speculative financing or speculative financing into Ponzi financing.
D) a financial system in which most financing arrangements fall into the category of hedge financing is unstable and likely to result in a financial crisis.