What Was the State of the American Economy Leading into "Black

What was the state of the American economy leading into "Black Monday" (October 19, 1987) ?

A) Income inequality significantly narrowed, which created the veneer across classes that the economy was thriving.
B) Most Americans were leading simpler lives, reducing energy use, and investing more time in faith and family.
C) The number of multimillionaires working on Wall Street and the financial industry had plummeted, as small businesses flourished.
D) So many Americans had continued to embrace Carter's focus on propriety that the economy was experiencing a downturn due to fewer purchases.
E) Many Americans were spending more than they earned as the public mood shifted back to carefree consumerism.