Among the Reasons Why Economists Failed to Anticipate the 2008

Among the reasons why economists failed to anticipate the 2008 global financial crisis is:

A) the acceptance of the efficient markets hypothesis.
B) that predictions of the future were largely based on experience from the recent past, which did not include any major financial crisis in developed economies.
C) the exclusive use of economic models that were based on mathematics and microfoundations, which for practical reasons were limited to stable linear systems.
D) All of the above.
E) None of the above.